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 2024-11-26 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 428319

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	543.25	560.90	560.90	540.85	0.736 times
25 Mon Nov 2024	556.90	522.00	560.00	522.00	3.423 times
22 Fri Nov 2024	514.80	512.00	517.70	510.25	0.353 times
21 Thu Nov 2024	509.60	520.00	520.00	508.05	0.565 times
19 Tue Nov 2024	518.30	516.95	529.80	515.00	0.803 times
18 Mon Nov 2024	516.30	527.40	528.40	510.55	0.643 times
14 Thu Nov 2024	520.90	503.00	530.00	503.00	0.889 times
13 Wed Nov 2024	510.75	525.95	527.70	508.15	0.617 times
12 Tue Nov 2024	528.55	536.40	546.65	527.05	0.808 times
11 Mon Nov 2024	535.25	549.00	550.65	531.20	0.823 times

My analysis of stock is bullish for shortterm, and stock might move up till 564.3 or till 591.2. Use a stoploss of 541.78 and if this stock hits its stoploss, then it can fall down till 519.29

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	477.00
Downside Target	488.85
Downside Target	522.00
Upside Target	545.10
Upside Target	550.65
Upside Target	560.90
Upside Target	567.35
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	523.2
Downside Intraday Target	503.15
Upside Intraday Target	562.1
Upside Intraday Target	580.95
Downside Intraday Target	542.05

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	543.25	522.00	560.90	522.00	1.76 times
22 Fri Nov 2024	514.80	527.40	529.80	508.05	0.753 times
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

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
26 Tue Nov 2024	543.25	578.90	593.00	503.00	0.547 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 mid to longer 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.

ADX buy sell signal for Sumitomo Chem stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumitomo Chem in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 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 535.17 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 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.