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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 2024-10-03 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 704424

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	548.50	560.00	564.80	543.95	0.447 times
01 Tue Oct 2024	565.70	557.90	577.25	557.00	1.034 times
30 Mon Sep 2024	556.80	553.25	562.80	550.05	0.309 times
27 Fri Sep 2024	560.10	548.65	568.50	546.10	1.776 times
26 Thu Sep 2024	548.65	556.40	557.05	545.20	0.331 times
25 Wed Sep 2024	554.80	563.50	569.90	553.00	0.392 times
24 Tue Sep 2024	563.60	572.20	574.90	559.00	1.081 times
23 Mon Sep 2024	566.70	563.00	573.70	553.45	1.359 times
20 Fri Sep 2024	558.90	586.50	591.70	554.20	2.208 times
19 Thu Sep 2024	586.50	604.00	606.00	572.85	0.825 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 543.3 as stoploss in an intra day buy trade for a target of 568.87. However, stock will show a bearish move below 543.3.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	426.80
Downside Target	477.00
Downside Target	488.85
Downside Target	501.35
Downside Target	523.10
Downside Target	543.95
Upside Target	567.35
Upside Target	574.90
Upside Target	577.25
Upside Target	628.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	535.88
Downside Intraday Target	523.27
Upside Intraday Target	569.18
Upside Intraday Target	589.87
Upside Intraday Target	556.57

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	548.50	553.25	577.25	543.95	0.362 times
27 Fri Sep 2024	560.10	563.00	574.90	545.20	0.563 times
20 Fri Sep 2024	558.90	593.45	628.00	554.20	0.413 times
13 Fri Sep 2024	591.80	538.25	628.30	523.10	3.587 times
06 Fri Sep 2024	538.25	513.00	548.30	501.35	1.872 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
03 Thu Oct 2024	548.50	557.90	577.25	543.95	0.036 times
30 Mon Sep 2024	556.80	513.00	628.30	501.35	1.959 times
30 Fri Aug 2024	511.35	520.75	567.35	488.85	0.631 times
31 Wed Jul 2024	518.75	481.95	546.90	477.00	1.458 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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

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 562.72 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.