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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 2024-10-21 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 443281

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	527.35	552.00	553.00	524.00	0.744 times
18 Fri Oct 2024	548.00	562.00	563.70	546.00	0.849 times
17 Thu Oct 2024	566.15	572.00	577.95	561.35	1.269 times
16 Wed Oct 2024	571.35	553.10	573.35	550.60	2.852 times
15 Tue Oct 2024	553.10	540.15	559.70	540.15	1.539 times
14 Mon Oct 2024	539.50	546.00	547.95	536.45	0.347 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	0.473 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	1.111 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 523.1, for a target of 538.3 or 550.96

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
Upside Target	536.45
Upside Target	554.30
Upside Target	567.35
Upside Target	574.90
Upside Target	577.25
Upside Target	577.95
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	516.57
Downside Intraday Target	505.78
Upside Intraday Target	545.57
Upside Intraday Target	563.78
Upside Intraday Target	534.78

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	527.35	552.00	553.00	524.00	0.109 times
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

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
21 Mon Oct 2024	527.35	557.90	577.95	518.00	0.213 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. Signal strength is Strong and stock is gaining 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 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 555.16 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.