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(SUMICHEM) Sumitomo Chem complete technical analysis [charts+indicators] | Buy/Sell Sumitomo Chem | (SUMICHEM) share price targets

Complete technical analysis of Sumitomo Chem (SUMICHEM) by charts plus indicators, forecast predictions and share price targets for Sumitomo Chem (SUMICHEM)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 370127

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	346.20	349.05	351.30	346.00	0.458 times
20 Wed Mar 2024	347.05	344.30	350.00	344.30	0.781 times
19 Tue Mar 2024	344.30	345.80	349.00	342.00	0.565 times
18 Mon Mar 2024	343.40	345.35	346.00	340.15	0.478 times
15 Fri Mar 2024	344.00	345.90	347.40	339.50	0.494 times
14 Thu Mar 2024	344.80	339.40	347.85	336.10	1.157 times
13 Wed Mar 2024	339.35	348.00	350.70	336.65	1.335 times
12 Tue Mar 2024	347.95	354.00	355.00	347.05	1.466 times
11 Mon Mar 2024	353.30	360.15	360.85	351.95	1.648 times
07 Thu Mar 2024	360.10	365.70	369.00	359.25	0.873 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 345.8 as stoploss in an intra day buy trade for a target of 361.3. However, stock will show a bearish move below 345.8.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Upside Target	351.30
Upside Target	358.55
Upside Target	370.00
Upside Target	387.90
Upside Target	391.15
Upside Target	391.35
Upside Target	395.00
Upside Target	408.50
Upside Target	414.25
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	340.47
Downside Intraday Target	334.73
Upside Intraday Target	351.62
Upside Intraday Target	357.03
Downside Intraday Target	345.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	346.20	345.35	351.30	340.15	0.374 times
15 Fri Mar 2024	344.00	360.15	360.85	336.10	1.875 times
07 Thu Mar 2024	360.10	377.95	378.25	358.55	1.046 times
02 Sat Mar 2024	376.40	384.70	387.90	372.30	0.965 times
23 Fri Feb 2024	384.70	378.15	395.00	372.20	1.082 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	346.20	375.65	379.95	336.10	0.821 times
29 Thu Feb 2024	374.15	413.10	414.25	370.00	0.394 times
31 Wed Jan 2024	415.60	405.40	430.60	391.35	2.464 times
29 Fri Dec 2023	404.05	413.00	421.85	391.15	1.405 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sumitomo Chem (SUMICHEM)

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sumitomo Chem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sumitomo Chem in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumitomo Chem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumitomo Chem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 347.58 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.

Sumitomo Chem Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.