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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 2024-07-18 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 826594

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	505.20	498.05	507.20	495.85	0.789 times
16 Tue Jul 2024	498.40	503.90	509.00	496.35	0.513 times
15 Mon Jul 2024	502.50	507.00	509.45	493.75	0.584 times
12 Fri Jul 2024	502.60	495.50	506.00	493.00	1.24 times
11 Thu Jul 2024	495.50	488.80	503.30	488.80	0.603 times
10 Wed Jul 2024	497.25	493.60	503.00	482.85	0.774 times
09 Tue Jul 2024	492.05	500.00	509.70	490.00	1.092 times
08 Mon Jul 2024	499.20	491.00	499.85	488.15	2.084 times
05 Fri Jul 2024	489.55	493.90	500.00	487.30	0.685 times
04 Thu Jul 2024	492.95	494.95	500.90	491.35	0.696 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 502.2, but if it comes below 502.2, then a intra day sell could be more profitable.
If you take a sell trade below 502.2, then use 502.2 as stoploss and 492.96 as target. However if you take a buy trade in stock , then use 502.2 as stoploss and 513.2 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	379.95
Downside Target	414.40
Downside Target	426.80
Downside Target	469.35
Downside Target	493.75
Upside Target	509.45
Upside Target	509.70
Upside Target	510.75
Upside Target	517.70

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	496.15
Downside Intraday Target	487.1
Upside Intraday Target	511.85
Upside Intraday Target	518.5
Downside Intraday Target	502.8

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	505.20	507.00	509.45	493.75	0.325 times
12 Fri Jul 2024	502.60	491.00	509.70	482.85	0.669 times
05 Fri Jul 2024	489.55	481.95	517.70	477.00	5.558 times
28 Fri Jun 2024	480.00	492.00	497.55	475.50	0.209 times
21 Fri Jun 2024	492.50	505.95	510.75	469.35	1.855 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
18 Thu Jul 2024	505.20	481.95	517.70	477.00	0.84 times
28 Fri Jun 2024	480.00	472.00	510.75	426.80	0.564 times
31 Fri May 2024	463.65	401.90	498.00	380.05	3.741 times
30 Tue Apr 2024	401.10	354.95	414.40	350.05	1.056 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 SELL signal for Sumitomo Chem in short term but the sell 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 green color and prices are above the green cloud Prices appear to be moving up

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 497.87 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.