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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 2025-02-27 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 384445

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	474.60	472.25	482.75	470.15	0.723 times
25 Tue Feb 2025	474.50	478.20	488.90	472.00	0.313 times
24 Mon Feb 2025	483.55	490.25	494.00	481.30	0.993 times
21 Fri Feb 2025	495.50	495.45	504.65	490.35	0.516 times
20 Thu Feb 2025	495.45	489.00	500.00	486.60	0.884 times
19 Wed Feb 2025	484.80	476.35	493.00	471.30	0.718 times
18 Tue Feb 2025	476.35	469.90	480.00	465.10	0.411 times
17 Mon Feb 2025	473.65	472.35	477.50	456.05	0.696 times
14 Fri Feb 2025	470.95	484.25	486.55	464.05	0.891 times
13 Thu Feb 2025	483.70	482.00	496.85	480.10	3.618 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 476.9, but if it comes above 476.9, then a intra day buy could be more profitable.
If you take a sell trade below 476.9, then use 476.9 as stoploss and 451.7 as target. However if you take a buy trade in stock , then use 476.9 as stoploss and 497.82 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	456.05
Upside Target	490.35
Upside Target	508.05
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	465.17
Downside Intraday Target	455.73
Upside Intraday Target	489.02
Upside Intraday Target	503.43
Upside Intraday Target	479.58

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	474.60	490.25	494.00	470.15	0.629 times
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

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
27 Thu Feb 2025	474.60	506.95	549.00	456.05	0.539 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 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 SELL. 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.

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 red color and prices are below the red cloud Prices appear to be moving up

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 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 482.3 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.