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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 2025-02-03 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 838014

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.343 times
31 Fri Jan 2025	511.70	522.55	526.90	509.00	0.254 times
30 Thu Jan 2025	519.40	503.50	530.00	503.50	3.167 times
29 Wed Jan 2025	502.80	494.10	509.00	492.10	0.652 times
28 Tue Jan 2025	497.40	495.00	508.65	485.00	1.468 times
27 Mon Jan 2025	505.85	482.70	517.65	459.35	2.63 times
24 Fri Jan 2025	484.70	482.90	501.00	474.70	0.609 times
23 Thu Jan 2025	481.95	475.00	492.85	474.70	0.263 times
22 Wed Jan 2025	478.25	492.65	493.05	475.10	0.379 times
21 Tue Jan 2025	491.20	496.30	503.90	488.00	0.147 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 511, but if it comes below 511, then a intra day sell could be more profitable.
If you take a sell trade below 511, then use 511 as stoploss and 494.49 as target. However if you take a buy trade in stock , then use 511 as stoploss and 530.7 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	474.70
Downside Target	490.35
Upside Target	522.80
Upside Target	530.00
Upside Target	536.90
Upside Target	545.50
Upside Target	572.10
Upside Target	581.00
Upside Target	593.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	507.4
Downside Intraday Target	497.3
Upside Intraday Target	525.2
Upside Intraday Target	532.9
Downside Intraday Target	515.1

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.042 times
31 Fri Jan 2025	511.70	482.70	530.00	459.35	4.467 times
24 Fri Jan 2025	484.70	491.15	503.90	474.70	0.631 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

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
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.022 times
31 Fri Jan 2025	511.70	533.95	545.50	457.40	1.714 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

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 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

CCI has generated a SELL signal for Sumitomo Chem in short term but SELL 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

Although the stock is in the BUY zone, but buying 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 506.08 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 negative.

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