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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 2024-11-05 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 774826

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	566.85	563.65	571.85	558.05	0.543 times
04 Mon Nov 2024	560.65	570.55	575.30	556.20	0.433 times
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.103 times
31 Thu Oct 2024	573.30	564.75	581.00	556.90	1.353 times
30 Wed Oct 2024	565.55	551.50	567.90	548.35	1.064 times
29 Tue Oct 2024	553.10	519.90	564.25	519.90	4.021 times
28 Mon Oct 2024	514.40	499.90	539.45	492.45	1.219 times
25 Fri Oct 2024	494.50	517.35	520.75	490.35	0.517 times
24 Thu Oct 2024	515.95	524.50	524.75	510.35	0.347 times
23 Wed Oct 2024	517.65	500.00	524.70	492.10	0.503 times

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 567 as stoploss in an intra day sell trade for a target of 543.45. However, stock will show a bullish move above 567.

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	556.20
Upside Target	567.35
Upside Target	575.30
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	556.93
Downside Intraday Target	547.02
Upside Intraday Target	576.03
Upside Intraday Target	585.22
Downside Intraday Target	566.12

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	566.85	570.55	575.30	556.20	0.126 times
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

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
05 Tue Nov 2024	566.85	578.90	578.90	556.20	0.062 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 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 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 gaining 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 tired and bears 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 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 547.65 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 positive

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