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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 2025-03-19 View latest technical analysis

10 day averaged volume of Sumitomo Chem is 249310

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	510.20	490.00	513.20	490.00	1.074 times
18 Tue Mar 2025	488.95	490.00	495.85	481.95	1.29 times
17 Mon Mar 2025	488.65	482.50	490.00	475.70	0.791 times
13 Thu Mar 2025	486.35	491.10	492.00	482.55	1.02 times
12 Wed Mar 2025	493.30	490.10	496.50	484.50	0.587 times
11 Tue Mar 2025	493.45	484.80	497.20	469.75	0.49 times
10 Mon Mar 2025	491.80	494.70	497.00	487.45	0.734 times
07 Fri Mar 2025	491.90	504.60	504.60	489.15	0.593 times
06 Thu Mar 2025	500.15	480.50	504.90	480.50	1.913 times
05 Wed Mar 2025	480.25	471.60	482.90	461.85	1.52 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 511.9, for a target of 497.3 or 485.25

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	446.20
Downside Target	469.75
Downside Target	494.00
Downside Target	504.90
Downside Target	508.05
Upside Target	513.20
Upside Target	545.50
Upside Target	549.00
Upside Target	572.10
Upside Target	593.00

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	486.2
Downside Intraday Target	462.2
Upside Intraday Target	523.7
Upside Intraday Target	537.2
Downside Intraday Target	499.7

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	510.20	482.50	513.20	475.70	1.115 times
13 Thu Mar 2025	486.35	494.70	497.20	469.75	0.428 times
07 Fri Mar 2025	491.90	457.00	504.90	446.20	1.116 times
28 Fri Feb 2025	460.60	490.25	494.00	452.80	1.192 times
21 Fri Feb 2025	495.50	472.35	504.65	456.05	0.444 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
19 Wed Mar 2025	510.20	457.00	513.20	446.20	0.403 times
28 Fri Feb 2025	460.60	506.95	549.00	452.80	0.592 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid 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 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 losing momentum.

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

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 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 but selling is losing 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 492.62 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 negative.

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