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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 2024-12-19 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 312755

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	517.65	525.25	527.75	516.00	0.646 times
18 Wed Dec 2024	532.70	534.35	534.35	525.95	0.575 times
17 Tue Dec 2024	534.35	534.15	543.00	528.70	0.876 times
16 Mon Dec 2024	532.35	525.70	536.70	524.00	0.743 times
13 Fri Dec 2024	525.75	522.65	529.90	516.00	0.896 times
12 Thu Dec 2024	529.00	534.25	537.75	526.05	0.534 times
11 Wed Dec 2024	534.25	545.70	548.35	533.00	0.894 times
10 Tue Dec 2024	545.70	545.00	548.95	537.55	1.099 times
09 Mon Dec 2024	545.05	552.45	554.65	542.15	0.735 times
06 Fri Dec 2024	549.15	560.00	572.10	546.05	1.873 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 514, for a target of 527.6 or 538.85

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	488.85
Downside Target	501.35
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	508.1
Downside Intraday Target	498.55
Upside Intraday Target	535.1
Upside Intraday Target	552.55
Upside Intraday Target	525.55

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	517.65	525.70	543.00	516.00	0.683 times
13 Fri Dec 2024	525.75	552.45	554.65	516.00	0.617 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

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
19 Thu Dec 2024	517.65	555.95	572.10	516.00	0.498 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 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 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 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 SELL. Signal strength is Weak 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 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 537.08 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.