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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 2024-12-12 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 387990

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	529.00	534.25	537.75	526.05	0.431 times
11 Wed Dec 2024	534.25	545.70	548.35	533.00	0.721 times
10 Tue Dec 2024	545.70	545.00	548.95	537.55	0.886 times
09 Mon Dec 2024	545.05	552.45	554.65	542.15	0.593 times
06 Fri Dec 2024	549.15	560.00	572.10	546.05	1.51 times
05 Thu Dec 2024	557.30	546.75	560.00	544.05	1.43 times
04 Wed Dec 2024	544.05	546.30	551.95	542.00	0.649 times
03 Tue Dec 2024	543.85	544.85	557.70	541.00	1.02 times
02 Mon Dec 2024	542.95	555.95	557.45	541.00	0.823 times
29 Fri Nov 2024	551.65	536.70	554.40	531.65	1.448 times

My analysis of stock is bearish for shortterm, and stock might move down till 520.5 or till 502.5. Use a stoploss of 535.5 and if the stock hits stoploss, then it can shoot up till 550.51

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	488.85
Downside Target	501.35
Downside Target	522.00
Upside Target	541.00
Upside Target	554.65
Upside Target	560.90
Upside Target	567.35
Upside Target	572.10
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	518.48
Downside Intraday Target	507.97
Upside Intraday Target	547.08
Upside Intraday Target	565.17
Upside Intraday Target	536.57

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	529.00	552.45	554.65	526.05	0.484 times
06 Fri Dec 2024	549.15	555.95	572.10	541.00	0.699 times
29 Fri Nov 2024	551.65	522.00	560.90	522.00	2.98 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

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
12 Thu Dec 2024	529.00	555.95	572.10	526.05	0.362 times
29 Fri Nov 2024	551.65	578.90	593.00	503.00	0.639 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

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 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 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 losing 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 green color and prices are in or below the green 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 and the buying is gaining 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 546.68 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 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.