Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-01 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 1058459

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	513.65	520.75	525.60	508.75	0.443 times
31 Wed Jul 2024	518.75	520.00	546.90	516.65	1.84 times
30 Tue Jul 2024	518.20	533.75	535.50	516.45	0.418 times
29 Mon Jul 2024	533.75	534.15	540.45	518.05	2.736 times
26 Fri Jul 2024	504.45	499.50	516.00	499.05	0.472 times
25 Thu Jul 2024	497.95	499.90	508.75	495.00	0.292 times
24 Wed Jul 2024	499.90	510.00	515.95	498.05	0.334 times
23 Tue Jul 2024	517.70	517.90	523.50	488.55	0.801 times
22 Mon Jul 2024	517.60	495.95	522.50	487.35	1.827 times
19 Fri Jul 2024	499.10	509.20	509.90	495.70	0.665 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 516 as stoploss in an intra day sell trade for a target of 504.81. However, stock will show a bullish move above 516.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	350.05
Downside Target	380.05
Downside Target	414.40
Downside Target	426.80
Downside Target	477.00
Downside Target	508.75
Downside Target	509.90
Downside Target	510.75
Upside Target	517.70
Upside Target	523.50
Upside Target	525.60
Upside Target	546.90

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	499.3
Downside Intraday Target	484.95
Upside Intraday Target	537.45
Upside Intraday Target	561.25
Upside Intraday Target	523.1

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	513.65	534.15	546.90	508.75	1.459 times
26 Fri Jul 2024	504.45	495.95	523.50	487.35	1.743 times
19 Fri Jul 2024	499.10	507.00	509.90	493.75	0.472 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

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
01 Thu Aug 2024	513.65	520.75	525.60	508.75	0.02 times
31 Wed Jul 2024	518.75	481.95	546.90	477.00	1.458 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 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 519.1 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. 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.