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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 2025-02-06 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 854739

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	535.45	524.95	549.00	523.35	1.239 times
05 Wed Feb 2025	523.90	525.25	530.00	514.50	0.339 times
04 Tue Feb 2025	524.10	520.95	529.00	516.00	0.459 times
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.336 times
31 Fri Jan 2025	511.70	522.55	526.90	509.00	0.249 times
30 Thu Jan 2025	519.40	503.50	530.00	503.50	3.105 times
29 Wed Jan 2025	502.80	494.10	509.00	492.10	0.639 times
28 Tue Jan 2025	497.40	495.00	508.65	485.00	1.439 times
27 Mon Jan 2025	505.85	482.70	517.65	459.35	2.579 times
24 Fri Jan 2025	484.70	482.90	501.00	474.70	0.597 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 539.8, for a target of 516.5 or 497.02

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	474.70
Downside Target	490.35
Downside Target	530.00
Upside Target	536.90
Upside Target	545.50
Upside Target	549.00
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	510.63
Downside Intraday Target	485.82
Upside Intraday Target	554.63
Upside Intraday Target	573.82
Downside Intraday Target	529.82

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	535.45	506.95	549.00	505.00	0.296 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
06 Thu Feb 2025	535.45	506.95	549.00	505.00	0.154 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be moving up

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

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 512.4 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.