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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 2024-10-23 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 430176

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	517.65	500.00	524.70	492.10	0.906 times
22 Tue Oct 2024	502.25	527.20	528.95	500.00	0.793 times
21 Mon Oct 2024	527.35	552.00	553.00	524.00	0.767 times
18 Fri Oct 2024	548.00	562.00	563.70	546.00	0.875 times
17 Thu Oct 2024	566.15	572.00	577.95	561.35	1.308 times
16 Wed Oct 2024	571.35	553.10	573.35	550.60	2.939 times
15 Tue Oct 2024	553.10	540.15	559.70	540.15	1.585 times
14 Mon Oct 2024	539.50	546.00	547.95	536.45	0.357 times
11 Fri Oct 2024	545.10	548.00	550.00	541.10	0.345 times
10 Thu Oct 2024	544.10	542.05	552.60	539.60	0.487 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 528.6, but if it comes above 528.6, then a intra day buy could be more profitable.
If you take a sell trade below 528.6, then use 528.6 as stoploss and 508.4 as target. However if you take a buy trade in stock , then use 528.6 as stoploss and 545.44 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	426.80
Downside Target	477.00
Downside Target	488.85
Upside Target	536.45
Upside Target	553.00
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	488.83
Downside Intraday Target	460.02
Upside Intraday Target	549.73
Upside Intraday Target	581.82
Upside Intraday Target	520.92

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	517.65	552.00	553.00	492.10	0.349 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
23 Wed Oct 2024	517.65	557.90	577.95	492.10	0.238 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 549.44 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 negative.

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