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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 2024-11-11 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 919435

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	535.25	549.00	550.65	531.20	0.383 times
08 Fri Nov 2024	547.90	565.80	566.45	545.10	0.501 times
07 Thu Nov 2024	564.35	564.00	593.00	560.30	1.697 times
06 Wed Nov 2024	564.20	570.65	573.45	561.30	0.441 times
05 Tue Nov 2024	566.85	563.65	571.85	558.05	0.457 times
04 Mon Nov 2024	560.65	570.55	575.30	556.20	0.364 times
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.087 times
31 Thu Oct 2024	573.30	564.75	581.00	556.90	1.141 times
30 Wed Oct 2024	565.55	551.50	567.90	548.35	0.897 times
29 Tue Oct 2024	553.10	519.90	564.25	519.90	3.388 times

My analysis of stock is bearish for shortterm, and stock might move down till 521.2 or till 491.9. Use a stoploss of 545.62 and if the stock hits stoploss, then it can shoot up till 570.05

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	477.00
Downside Target	488.85
Downside Target	531.20
Upside Target	553.00
Upside Target	567.35
Upside Target	577.95
Upside Target	581.00
Upside Target	593.00
Upside Target	628.30

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	527.42
Downside Intraday Target	519.58
Upside Intraday Target	546.87
Upside Intraday Target	558.48
Upside Intraday Target	539.03

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	535.25	549.00	550.65	531.20	0.111 times
08 Fri Nov 2024	547.90	570.55	593.00	545.10	0.529 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

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
11 Mon Nov 2024	535.25	578.90	593.00	531.20	0.267 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 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 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 SELL. Signal strength is Weak 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 BUY signal in short term but buying 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 559.44 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.