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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 2024-11-14 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 527311

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	520.90	503.00	530.00	503.00	0.722 times
13 Wed Nov 2024	510.75	525.95	527.70	508.15	0.501 times
12 Tue Nov 2024	528.55	536.40	546.65	527.05	0.657 times
11 Mon Nov 2024	535.25	549.00	550.65	531.20	0.669 times
08 Fri Nov 2024	547.90	565.80	566.45	545.10	0.873 times
07 Thu Nov 2024	564.35	564.00	593.00	560.30	2.958 times
06 Wed Nov 2024	564.20	570.65	573.45	561.30	0.77 times
05 Tue Nov 2024	566.85	563.65	571.85	558.05	0.798 times
04 Mon Nov 2024	560.65	570.55	575.30	556.20	0.636 times
01 Fri Nov 2024	570.60	578.90	578.90	566.05	0.151 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 514.5 as stoploss in an intra day buy trade for a target of 539.1. However, stock will show a bearish move below 514.5.

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	499.05
Downside Intraday Target	477.2
Upside Intraday Target	546.7
Upside Intraday Target	572.5
Upside Intraday Target	524.85

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	520.90	549.00	550.65	503.00	0.422 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
14 Thu Nov 2024	520.90	578.90	593.00	503.00	0.341 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 neutral. A longer time frame might give a better analysis.

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 moving up

CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 551.17 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.