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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 2024-10-29 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 556044

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	553.10	519.90	564.25	519.90	5.603 times
28 Mon Oct 2024	514.40	499.90	539.45	492.45	1.699 times
25 Fri Oct 2024	494.50	517.35	520.75	490.35	0.721 times
24 Thu Oct 2024	515.95	524.50	524.75	510.35	0.483 times
23 Wed Oct 2024	517.65	500.00	524.70	492.10	0.701 times
22 Tue Oct 2024	502.25	527.20	528.95	500.00	0.614 times
21 Mon Oct 2024	527.35	552.00	553.00	524.00	0.593 times
18 Fri Oct 2024	548.00	562.00	563.70	546.00	0.677 times
17 Thu Oct 2024	566.15	572.00	577.95	561.35	1.012 times
16 Wed Oct 2024	571.35	553.10	573.35	550.60	2.274 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 559.2 as stoploss in an intra day sell trade for a target of 538.32. However, stock will show a bullish move above 559.2.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	426.80
Downside Target	477.00
Downside Target	488.85
Downside Target	536.45
Downside Target	553.00
Upside Target	554.30
Upside Target	564.25
Upside Target	567.35
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	508.95
Downside Intraday Target	464.8
Upside Intraday Target	580.75
Upside Intraday Target	608.4
Downside Intraday Target	536.6

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	553.10	499.90	564.25	492.45	2.346 times
25 Fri Oct 2024	494.50	552.00	553.00	490.35	0.569 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

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
29 Tue Oct 2024	553.10	557.90	577.95	490.35	0.402 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 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Sumitomo Chem in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!

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 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 542.94 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 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.