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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 2025-01-03 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 410034

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	536.95	538.40	544.55	534.20	0.429 times
02 Thu Jan 2025	541.00	529.95	545.50	526.30	0.942 times
01 Wed Jan 2025	529.80	533.95	536.00	526.15	0.319 times
31 Tue Dec 2024	532.70	534.60	546.40	526.00	0.886 times
30 Mon Dec 2024	535.75	519.10	552.70	512.00	4.026 times
27 Fri Dec 2024	518.80	528.80	529.50	518.10	0.2 times
26 Thu Dec 2024	526.60	529.90	531.30	516.25	0.417 times
24 Tue Dec 2024	527.15	515.85	536.00	508.05	0.653 times
23 Mon Dec 2024	511.75	530.00	531.00	510.15	0.493 times
20 Fri Dec 2024	525.70	517.50	536.00	508.40	1.571 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 540.9 as stoploss in an intra day sell trade for a target of 531.61. However, stock will show a bullish move above 540.9.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	490.35
Downside Target	501.35
Upside Target	543.00
Upside Target	545.50
Upside Target	552.70
Upside Target	554.65
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	515.07
Downside Intraday Target	493.18
Upside Intraday Target	555.77
Upside Intraday Target	574.58
Downside Intraday Target	533.88

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri Jan 2025	536.95	519.10	552.70	512.00	3.745 times
27 Fri Dec 2024	518.80	530.00	536.00	508.05	0.472 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

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
03 Fri Jan 2025	536.95	533.95	545.50	526.15	0.09 times
31 Tue Dec 2024	532.70	555.95	572.10	508.05	0.889 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid 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 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 Strong 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 and the buying is gaining 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 531.77 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 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.