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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 2025-01-21 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 423769

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	491.20	496.30	503.90	488.00	0.29 times
20 Mon Jan 2025	496.30	491.15	498.00	488.00	0.855 times
17 Fri Jan 2025	495.00	483.45	499.60	479.75	1.619 times
16 Thu Jan 2025	483.45	478.50	486.00	476.60	0.642 times
15 Wed Jan 2025	476.95	481.00	484.85	474.80	0.824 times
14 Tue Jan 2025	474.00	462.20	478.00	462.20	0.775 times
13 Mon Jan 2025	464.40	472.00	474.75	457.40	1.872 times
10 Fri Jan 2025	476.05	498.90	500.80	475.00	1.563 times
09 Thu Jan 2025	498.25	509.00	527.80	495.70	1.144 times
08 Wed Jan 2025	510.65	524.05	525.00	509.30	0.376 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 484 as stoploss in an intra day buy trade for a target of 507.7. However, stock will show a bearish move below 484.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	475.00
Downside Target	488.00
Upside Target	536.00
Upside Target	536.90
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	484.83
Downside Intraday Target	478.47
Upside Intraday Target	500.73
Upside Intraday Target	510.27
Upside Intraday Target	494.37

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	491.20	491.15	503.90	488.00	0.2 times
17 Fri Jan 2025	495.00	472.00	499.60	457.40	1.467 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

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
21 Tue Jan 2025	491.20	533.95	545.50	457.40	0.686 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 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 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 losing 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. Bulls 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 buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 483.37 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.