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 2024-10-16 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 365246

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	571.35	553.10	573.35	550.60	3.462 times
15 Tue Oct 2024	553.10	540.15	559.70	540.15	1.867 times
14 Mon Oct 2024	539.50	546.00	547.95	536.45	0.421 times
11 Fri Oct 2024	545.10	548.00	550.00	541.10	0.407 times
10 Thu Oct 2024	544.10	542.05	552.60	539.60	0.574 times
09 Wed Oct 2024	539.50	552.90	552.90	537.50	0.639 times
08 Tue Oct 2024	548.05	518.00	552.45	518.00	1.349 times
07 Mon Oct 2024	521.65	552.00	554.30	518.90	0.848 times
04 Fri Oct 2024	550.55	555.00	562.70	539.40	1.039 times
03 Thu Oct 2024	548.50	560.00	564.80	543.95	0.863 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant upmove. This could be a good time to enter in this stock!

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 573.1 as stoploss in an intra day sell trade for a target of 556.21. However, stock will show a bullish move above 573.1.

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	536.45
Downside Target	567.35
Upside Target	573.35
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	547.42
Downside Intraday Target	523.48
Upside Intraday Target	584.32
Upside Intraday Target	597.28
Downside Intraday Target	560.38

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	571.35	546.00	573.35	536.45	1.507 times
11 Fri Oct 2024	545.10	552.00	554.30	518.00	0.85 times
04 Fri Oct 2024	550.55	553.25	577.25	539.40	0.472 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	571.35	557.90	577.25	518.00	0.17 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 red color and prices are in or above the red 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 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 553.12 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.