Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-01 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 803973

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.099 times
31 Thu Oct 2024	573.30	564.75	581.00	556.90	1.304 times
30 Wed Oct 2024	565.55	551.50	567.90	548.35	1.025 times
29 Tue Oct 2024	553.10	519.90	564.25	519.90	3.875 times
28 Mon Oct 2024	514.40	499.90	539.45	492.45	1.175 times
25 Fri Oct 2024	494.50	517.35	520.75	490.35	0.499 times
24 Thu Oct 2024	515.95	524.50	524.75	510.35	0.334 times
23 Wed Oct 2024	517.65	500.00	524.70	492.10	0.485 times
22 Tue Oct 2024	502.25	527.20	528.95	500.00	0.424 times
21 Mon Oct 2024	527.35	552.00	553.00	524.00	0.41 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 563.6, but if it comes below 563.6, then a intra day sell could be more profitable.
If you take a sell trade below 563.6, then use 563.6 as stoploss and 540.56 as target. However if you take a buy trade in stock , then use 563.6 as stoploss and 591.2 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	477.00
Downside Target	488.85
Downside Target	518.00
Downside Target	536.45
Downside Target	566.05
Downside Target	567.35
Upside Target	577.25
Upside Target	577.95
Upside Target	578.90
Upside Target	581.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	515.03
Downside Intraday Target	459.47
Upside Intraday Target	603.58
Upside Intraday Target	636.57
Downside Intraday Target	548.02

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	570.60	499.90	581.00	492.45	3.475 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
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.006 times
31 Thu Oct 2024	573.30	557.90	581.00	490.35	0.466 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

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 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 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 Weak and stock is losing 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 543.17 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 negative.

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