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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 2025-02-21 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 408369

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Feb 2025	495.50	495.45	504.65	490.35	0.486 times
20 Thu Feb 2025	495.45	489.00	500.00	486.60	0.832 times
19 Wed Feb 2025	484.80	476.35	493.00	471.30	0.676 times
18 Tue Feb 2025	476.35	469.90	480.00	465.10	0.387 times
17 Mon Feb 2025	473.65	472.35	477.50	456.05	0.655 times
14 Fri Feb 2025	470.95	484.25	486.55	464.05	0.838 times
13 Thu Feb 2025	483.70	482.00	496.85	480.10	3.406 times
12 Wed Feb 2025	482.85	492.35	492.35	477.00	0.904 times
11 Tue Feb 2025	492.35	503.80	505.90	488.35	0.482 times
10 Mon Feb 2025	502.95	528.00	532.55	499.95	1.205 times

My analysis of stock is bearish for shortterm, and stock might move down till 482.4 or till 459.4. Use a stoploss of 501.49 and if the stock hits stoploss, then it can shoot up till 520.63

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	456.05
Downside Target	474.70
Downside Target	490.35
Upside Target	503.00
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	466.15
Downside Intraday Target	436.8
Upside Intraday Target	514.75
Upside Intraday Target	534
Downside Intraday Target	485.4

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Feb 2025	495.50	472.35	504.65	456.05	0.444 times
14 Fri Feb 2025	470.95	528.00	532.55	464.05	1.225 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

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
21 Fri Feb 2025	495.50	506.95	549.00	456.05	0.48 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining 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. Bears are weakening, and bulls are picking up momentum!

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 buy signal for Sumitomo Chem in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 486 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 positive

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