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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 2024-04-02 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 403804

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	361.55	363.95	364.35	360.00	0.429 times
01 Mon Apr 2024	361.95	354.95	362.85	350.05	0.673 times
28 Thu Mar 2024	347.75	346.75	349.00	341.80	1.172 times
27 Wed Mar 2024	345.70	353.95	353.95	343.85	2.16 times
26 Tue Mar 2024	349.20	362.65	364.35	347.00	2.005 times
22 Fri Mar 2024	366.15	345.20	373.20	345.15	1.446 times
21 Thu Mar 2024	346.20	349.05	351.30	346.00	0.42 times
20 Wed Mar 2024	347.05	344.30	350.00	344.30	0.716 times
19 Tue Mar 2024	344.30	345.80	349.00	342.00	0.518 times
18 Mon Mar 2024	343.40	345.35	346.00	340.15	0.438 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 364.9 as stoploss in an intra day sell trade for a target of 354.14. However, stock will show a bullish move above 364.9.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	358.55
Upside Target	373.20
Upside Target	378.25
Upside Target	379.95
Upside Target	391.15
Upside Target	391.35
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	352.95
Downside Intraday Target	344.35
Upside Intraday Target	367.25
Upside Intraday Target	372.95
Downside Intraday Target	358.65

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	361.55	354.95	364.35	350.05	0.207 times
28 Thu Mar 2024	347.75	362.65	364.35	341.80	1.508 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

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
02 Tue Apr 2024	361.55	354.95	364.35	350.05	0.062 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 351.33 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 rising upwards.

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 is giving positive 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.