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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 2025-01-15 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 347090

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	476.95	481.00	484.85	474.80	1.006 times
14 Tue Jan 2025	474.00	462.20	478.00	462.20	0.946 times
13 Mon Jan 2025	464.40	472.00	474.75	457.40	2.285 times
10 Fri Jan 2025	476.05	498.90	500.80	475.00	1.909 times
09 Thu Jan 2025	498.25	509.00	527.80	495.70	1.397 times
08 Wed Jan 2025	510.65	524.05	525.00	509.30	0.459 times
07 Tue Jan 2025	524.05	516.00	525.90	515.70	0.403 times
06 Mon Jan 2025	515.00	536.90	536.90	512.20	0.603 times
03 Fri Jan 2025	536.95	538.40	544.55	534.20	0.507 times
02 Thu Jan 2025	541.00	529.95	545.50	526.30	1.113 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 491, but if it comes above 491, then a intra day buy could be more profitable.
If you take a sell trade below 491, then use 491 as stoploss and 463.6 as target. However if you take a buy trade in stock , then use 491 as stoploss and 513.8 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	475.00
Upside Target	484.85
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	461.28
Downside Intraday Target	445.62
Upside Intraday Target	488.73
Upside Intraday Target	500.52
Downside Intraday Target	473.07

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed Jan 2025	476.95	472.00	484.85	457.40	0.888 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 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
15 Wed Jan 2025	476.95	533.95	545.50	457.40	0.498 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 positive zone. This is a BUY 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 491.6 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.