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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 2024-12-26 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 272931

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	526.60	529.90	531.30	516.25	0.626 times
24 Tue Dec 2024	527.15	515.85	536.00	508.05	0.981 times
23 Mon Dec 2024	511.75	530.00	531.00	510.15	0.741 times
20 Fri Dec 2024	525.70	517.50	536.00	508.40	2.36 times
19 Thu Dec 2024	517.65	525.25	527.75	516.00	0.74 times
18 Wed Dec 2024	532.70	534.35	534.35	525.95	0.659 times
17 Tue Dec 2024	534.35	534.15	543.00	528.70	1.004 times
16 Mon Dec 2024	532.35	525.70	536.70	524.00	0.851 times
13 Fri Dec 2024	525.75	522.65	529.90	516.00	1.026 times
12 Thu Dec 2024	529.00	534.25	537.75	526.05	0.612 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 524.2 as stoploss in an intra day buy trade for a target of 535.58. However, stock will show a bearish move below 524.2.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	488.85
Downside Target	501.35
Upside Target	536.00
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	511.1
Downside Intraday Target	495.6
Upside Intraday Target	539.05
Upside Intraday Target	551.5
Downside Intraday Target	523.55

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	526.60	530.00	536.00	508.05	0.418 times
20 Fri Dec 2024	525.70	525.70	543.00	508.40	1.178 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

Price has moved up 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
26 Thu Dec 2024	526.60	555.95	572.10	508.05	0.646 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 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 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 BUY. 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.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 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 526.4 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.