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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 2024-10-17 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 418864

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	566.15	572.00	577.95	561.35	1.343 times
16 Wed Oct 2024	571.35	553.10	573.35	550.60	3.019 times
15 Tue Oct 2024	553.10	540.15	559.70	540.15	1.628 times
14 Mon Oct 2024	539.50	546.00	547.95	536.45	0.367 times
11 Fri Oct 2024	545.10	548.00	550.00	541.10	0.355 times
10 Thu Oct 2024	544.10	542.05	552.60	539.60	0.5 times
09 Wed Oct 2024	539.50	552.90	552.90	537.50	0.557 times
08 Tue Oct 2024	548.05	518.00	552.45	518.00	1.176 times
07 Mon Oct 2024	521.65	552.00	554.30	518.90	0.739 times
04 Fri Oct 2024	550.55	555.00	562.70	539.40	0.906 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 568.1 as stoploss in an intra day sell trade for a target of 554.47. However, stock will show a bullish move above 568.1.

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
Upside Target	567.35
Upside Target	574.90
Upside Target	577.25
Upside Target	577.95
Upside Target	628.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	542.42
Downside Intraday Target	518.68
Upside Intraday Target	583.92
Upside Intraday Target	601.68
Downside Intraday Target	560.18

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	566.15	546.00	577.95	536.45	1.91 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
17 Thu Oct 2024	566.15	557.90	577.95	518.00	0.189 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

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 555.1 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.