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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 2024-04-12 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 516281

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	403.15	404.35	408.90	400.15	1.188 times
10 Wed Apr 2024	404.35	385.45	414.40	382.25	2.341 times
09 Tue Apr 2024	385.45	390.75	391.90	383.10	0.335 times
08 Mon Apr 2024	390.65	381.05	393.20	377.10	1.237 times
05 Fri Apr 2024	380.15	366.30	382.40	364.55	1.35 times
04 Thu Apr 2024	365.50	373.35	375.45	364.50	0.564 times
03 Wed Apr 2024	371.45	362.50	374.00	359.40	0.706 times
02 Tue Apr 2024	361.55	363.95	364.35	360.00	0.335 times
01 Mon Apr 2024	361.95	354.95	362.85	350.05	0.527 times
28 Thu Mar 2024	347.75	346.75	349.00	341.80	0.916 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 406.7, for a target of 382.4 or 362.11

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	360.85
Downside Target	382.40
Downside Target	391.15
Downside Target	391.35
Upside Target	414.25
Upside Target	414.40
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	382.03
Downside Intraday Target	360.92
Upside Intraday Target	419.33
Upside Intraday Target	435.52
Downside Intraday Target	398.22

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	403.15	381.05	414.40	377.10	1.465 times
05 Fri Apr 2024	380.15	354.95	382.40	350.05	0.834 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

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
12 Fri Apr 2024	403.15	354.95	414.40	350.05	0.614 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 neutral. A longer time frame might give a better analysis.

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 and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 384.24 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 positive

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