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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 2025-01-14 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 350581

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue Jan 2025	474.00	462.20	478.00	462.20	0.937 times
13 Mon Jan 2025	464.40	472.00	474.75	457.40	2.263 times
10 Fri Jan 2025	476.05	498.90	500.80	475.00	1.89 times
09 Thu Jan 2025	498.25	509.00	527.80	495.70	1.383 times
08 Wed Jan 2025	510.65	524.05	525.00	509.30	0.454 times
07 Tue Jan 2025	524.05	516.00	525.90	515.70	0.399 times
06 Mon Jan 2025	515.00	536.90	536.90	512.20	0.597 times
03 Fri Jan 2025	536.95	538.40	544.55	534.20	0.502 times
02 Thu Jan 2025	541.00	529.95	545.50	526.30	1.102 times
01 Wed Jan 2025	529.80	533.95	536.00	526.15	0.373 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 469.2, for a target of 495.1 or 516.67

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Upside Target	475.00
Upside Target	490.35
Upside Target	501.35
Upside Target	536.00
Upside Target	543.00
Upside Target	545.50
Upside Target	552.70
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	461.6
Downside Intraday Target	449.2
Upside Intraday Target	482.2
Upside Intraday Target	490.4
Downside Intraday Target	469.8

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue Jan 2025	474.00	472.00	478.00	457.40	0.677 times
10 Fri Jan 2025	476.05	536.90	536.90	475.00	0.612 times
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

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
14 Tue Jan 2025	474.00	533.95	545.50	457.40	0.452 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 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 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 Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumitomo Chem in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 494.51 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.