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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 2024-04-04 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 421568

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	365.50	373.35	375.45	364.50	0.691 times
03 Wed Apr 2024	371.45	362.50	374.00	359.40	0.864 times
02 Tue Apr 2024	361.55	363.95	364.35	360.00	0.411 times
01 Mon Apr 2024	361.95	354.95	362.85	350.05	0.645 times
28 Thu Mar 2024	347.75	346.75	349.00	341.80	1.122 times
27 Wed Mar 2024	345.70	353.95	353.95	343.85	2.069 times
26 Tue Mar 2024	349.20	362.65	364.35	347.00	1.92 times
22 Fri Mar 2024	366.15	345.20	373.20	345.15	1.385 times
21 Thu Mar 2024	346.20	349.05	351.30	346.00	0.402 times
20 Wed Mar 2024	347.05	344.30	350.00	344.30	0.686 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 363.5, but if it comes below 363.5, then a intra day sell could be more profitable.
If you take a sell trade below 363.5, then use 363.5 as stoploss and 353.6 as target. However if you take a buy trade in stock , then use 363.5 as stoploss and 375.4 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	358.55
Upside Target	375.45
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	351.88
Downside Intraday Target	338.27
Upside Intraday Target	377.28
Upside Intraday Target	389.07
Downside Intraday Target	363.67

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	365.50	354.95	375.45	350.05	0.511 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
04 Thu Apr 2024	365.50	354.95	375.45	350.05	0.153 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 354.66 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.