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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 2025-02-13 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 620425

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	483.70	482.00	496.85	480.10	2.242 times
12 Wed Feb 2025	482.85	492.35	492.35	477.00	0.595 times
11 Tue Feb 2025	492.35	503.80	505.90	488.35	0.317 times
10 Mon Feb 2025	502.95	528.00	532.55	499.95	0.793 times
07 Fri Feb 2025	533.10	535.45	537.55	523.95	0.404 times
06 Thu Feb 2025	535.45	524.95	549.00	523.35	1.707 times
05 Wed Feb 2025	523.90	525.25	530.00	514.50	0.468 times
04 Tue Feb 2025	524.10	520.95	529.00	516.00	0.632 times
03 Mon Feb 2025	517.50	506.95	522.80	505.00	0.463 times
31 Fri Jan 2025	511.70	522.55	526.90	509.00	0.344 times

Stock of Sumitomo Chem (SUMICHEM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 485.7, but if it comes above 485.7, then a intra day buy could be more profitable.
If you take a sell trade below 485.7, then use 485.7 as stoploss and 465 as target. However if you take a buy trade in stock , then use 485.7 as stoploss and 503.02 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	457.40
Downside Target	474.70
Upside Target	490.35
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	462.95
Downside Intraday Target	442.2
Upside Intraday Target	518.5
Upside Intraday Target	553.3
Upside Intraday Target	497.75

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	483.70	528.00	532.55	477.00	1.075 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
13 Thu Feb 2025	483.70	506.95	549.00	477.00	0.359 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 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 neutral. A longer time frame might give a better analysis.

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.

Sumitomo Chem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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

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 508.23 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.