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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 2024-03-26 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 368649

Date Daily Closing Price Open High Low Volume
26 Tue Mar 2024 349.20 362.65 364.35 347.00 2.196 times
22 Fri Mar 2024 366.15 345.20 373.20 345.15 1.584 times
21 Thu Mar 2024 346.20 349.05 351.30 346.00 0.46 times
20 Wed Mar 2024 347.05 344.30 350.00 344.30 0.784 times
19 Tue Mar 2024 344.30 345.80 349.00 342.00 0.567 times
18 Mon Mar 2024 343.40 345.35 346.00 340.15 0.48 times
15 Fri Mar 2024 344.00 345.90 347.40 339.50 0.496 times
14 Thu Mar 2024 344.80 339.40 347.85 336.10 1.162 times
13 Wed Mar 2024 339.35 348.00 350.70 336.65 1.341 times
12 Tue Mar 2024 347.95 354.00 355.00 347.05 1.471 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant fall. This could be a good time to exit from this stock.

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 344.9 as stoploss in an intra day buy trade for a target of 358.6. However, stock will show a bearish move below 344.9.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type Value
Downside Target 336.10
Downside Target 347.00
Upside Target 358.55
Upside Target 379.95
Upside Target 387.90
Upside Target 391.15
Upside Target 391.35
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 342.68
Downside Intraday Target 336.17
Upside Intraday Target 360.03
Upside Intraday Target 370.87
Upside Intraday Target 353.52

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date Weekly Closing Price Open High Low Volume
26 Tue Mar 2024 349.20 362.65 364.35 347.00 0.567 times
22 Fri Mar 2024 366.15 345.35 373.20 340.15 0.633 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

Price has moved down 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
26 Tue Mar 2024 349.20 375.65 379.95 336.10 1.077 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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Chem in short term but the buy signal is initial and weak.

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

Sumitomo Chem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Sumitomo Chem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 348.77 and Sumitomo Chem (SUMICHEM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Chem in short term but the buy signal is initial and weak.

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

Sumitomo Chem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Sumitomo Chem in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 348.77 and Sumitomo Chem (SUMICHEM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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