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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 2024-11-13 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 583315

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	510.75	525.95	527.70	508.15	0.453 times
12 Tue Nov 2024	528.55	536.40	546.65	527.05	0.594 times
11 Mon Nov 2024	535.25	549.00	550.65	531.20	0.604 times
08 Fri Nov 2024	547.90	565.80	566.45	545.10	0.789 times
07 Thu Nov 2024	564.35	564.00	593.00	560.30	2.674 times
06 Wed Nov 2024	564.20	570.65	573.45	561.30	0.696 times
05 Tue Nov 2024	566.85	563.65	571.85	558.05	0.721 times
04 Mon Nov 2024	560.65	570.55	575.30	556.20	0.575 times
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.136 times
31 Thu Oct 2024	573.30	564.75	581.00	556.90	1.798 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 516.5, but if it comes above 516.5, then a intra day buy could be more profitable.
If you take a sell trade below 516.5, then use 516.5 as stoploss and 486.7 as target. However if you take a buy trade in stock , then use 516.5 as stoploss and 541.37 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	477.00
Downside Target	488.85
Upside Target	536.45
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	495.72
Downside Intraday Target	480.68
Upside Intraday Target	538.22
Upside Intraday Target	565.68
Upside Intraday Target	523.18

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	510.75	549.00	550.65	508.15	0.303 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
13 Wed Nov 2024	510.75	578.90	593.00	508.15	0.312 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 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 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 neutral. A longer time frame might give a better analysis.

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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 557.76 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.