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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 2025-02-11 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 741428

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	492.35	503.80	505.90	488.35	0.266 times
10 Mon Feb 2025	502.95	528.00	532.55	499.95	0.664 times
07 Fri Feb 2025	533.10	535.45	537.55	523.95	0.338 times
06 Thu Feb 2025	535.45	524.95	549.00	523.35	1.428 times
05 Wed Feb 2025	523.90	525.25	530.00	514.50	0.391 times
04 Tue Feb 2025	524.10	520.95	529.00	516.00	0.529 times
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.387 times
31 Fri Jan 2025	511.70	522.55	526.90	509.00	0.288 times
30 Thu Jan 2025	519.40	503.50	530.00	503.50	3.579 times
29 Wed Jan 2025	502.80	494.10	509.00	492.10	0.737 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 485 as stoploss in an intra day buy trade for a target of 502.72. However, stock will show a bearish move below 485.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	474.70
Downside Target	488.35
Upside Target	530.00
Upside Target	532.55
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	476.28
Downside Intraday Target	460.22
Upside Intraday Target	520.48
Upside Intraday Target	548.62
Upside Intraday Target	504.42

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	492.35	528.00	532.55	488.35	0.302 times
07 Fri Feb 2025	533.10	506.95	549.00	505.00	0.333 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

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
11 Tue Feb 2025	492.35	506.95	549.00	488.35	0.226 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Chem in short term but the buy signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumitomo Chem in short term and SELL signal is strong!

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 519.23 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. 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 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.