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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 2024-08-05 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 1060769

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	493.45	504.95	512.30	488.85	0.747 times
02 Fri Aug 2024	510.65	509.00	517.15	506.75	0.858 times
01 Thu Aug 2024	513.65	520.75	525.60	508.75	0.442 times
31 Wed Jul 2024	518.75	520.00	546.90	516.65	1.836 times
30 Tue Jul 2024	518.20	533.75	535.50	516.45	0.417 times
29 Mon Jul 2024	533.75	534.15	540.45	518.05	2.73 times
26 Fri Jul 2024	504.45	499.50	516.00	499.05	0.471 times
25 Thu Jul 2024	497.95	499.90	508.75	495.00	0.291 times
24 Wed Jul 2024	499.90	510.00	515.95	498.05	0.333 times
23 Tue Jul 2024	517.70	517.90	523.50	488.55	0.799 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 495.3, but if it comes above 495.3, then a intra day buy could be more profitable.
If you take a sell trade below 495.3, then use 495.3 as stoploss and 482.5 as target. However if you take a buy trade in stock , then use 495.3 as stoploss and 505.89 as target.

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
Upside Target	509.90
Upside Target	510.75
Upside Target	512.30
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	484.1
Downside Intraday Target	474.75
Upside Intraday Target	507.55
Upside Intraday Target	521.65
Upside Intraday Target	498.2

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	493.45	504.95	512.30	488.85	0.119 times
02 Fri Aug 2024	510.65	534.15	546.90	506.75	1.69 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

Price has moved down 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
05 Mon Aug 2024	493.45	520.75	525.60	488.85	0.093 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 to mid 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 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 Weak 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. Bears are getting stronger in this stock.

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 and SELL 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

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 517.93 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.