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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 2024-10-18 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 443614

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	548.00	562.00	563.70	546.00	0.848 times
17 Thu Oct 2024	566.15	572.00	577.95	561.35	1.268 times
16 Wed Oct 2024	571.35	553.10	573.35	550.60	2.85 times
15 Tue Oct 2024	553.10	540.15	559.70	540.15	1.537 times
14 Mon Oct 2024	539.50	546.00	547.95	536.45	0.346 times
11 Fri Oct 2024	545.10	548.00	550.00	541.10	0.335 times
10 Thu Oct 2024	544.10	542.05	552.60	539.60	0.472 times
09 Wed Oct 2024	539.50	552.90	552.90	537.50	0.526 times
08 Tue Oct 2024	548.05	518.00	552.45	518.00	1.11 times
07 Mon Oct 2024	521.65	552.00	554.30	518.90	0.698 times

My analysis of stock is bearish for shortterm, and stock might move down till 541 or till 527.2. Use a stoploss of 552.54 and if the stock hits stoploss, then it can shoot up till 564.06

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	530.32
Downside Intraday Target	512.63
Upside Intraday Target	571.82
Upside Intraday Target	595.63
Upside Intraday Target	554.13

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	548.00	546.00	577.95	536.45	2.18 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
18 Fri Oct 2024	548.00	557.90	577.95	518.00	0.202 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Chem in short term and the buy signal is strong.

Sumitomo Chem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 554.89 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.