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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)

10 day averaged volume of Sumitomo Chem is 485668

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	401.35	396.00	411.00	390.30	1.042 times
18 Thu Apr 2024	399.85	392.75	404.35	390.15	0.629 times
16 Tue Apr 2024	389.20	391.05	395.05	388.00	0.287 times
15 Mon Apr 2024	391.30	398.05	401.10	387.05	0.878 times
12 Fri Apr 2024	403.15	404.35	408.90	400.15	1.263 times
10 Wed Apr 2024	404.35	385.45	414.40	382.25	2.488 times
09 Tue Apr 2024	385.45	390.75	391.90	383.10	0.356 times
08 Mon Apr 2024	390.65	381.05	393.20	377.10	1.315 times
05 Fri Apr 2024	380.15	366.30	382.40	364.55	1.435 times
04 Thu Apr 2024	365.50	373.35	375.45	364.50	0.6 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 393.9, but if it comes below 393.9, then a intra day sell could be more profitable.
If you take a sell trade below 393.9, then use 393.9 as stoploss and 372.61 as target. However if you take a buy trade in stock , then use 393.9 as stoploss and 419.4 as target.

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	364.35
Downside Target	391.15
Downside Target	391.35
Upside Target	411.00
Upside Target	414.25
Upside Target	414.40
Upside Target	421.85
Upside Target	430.60

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	388.6
Downside Intraday Target	375.85
Upside Intraday Target	412.55
Upside Intraday Target	423.75
Downside Intraday Target	399.8

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	401.35	398.05	411.00	387.05	0.523 times
12 Fri Apr 2024	403.15	381.05	414.40	377.10	1.465 times
05 Fri Apr 2024	380.15	354.95	382.40	350.05	0.834 times
28 Thu Mar 2024	347.75	362.65	364.35	341.80	1.508 times
22 Fri Mar 2024	366.15	345.35	373.20	340.15	0.633 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
19 Fri Apr 2024	401.35	354.95	414.40	350.05	0.805 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 times
29 Thu Feb 2024	374.15	413.10	414.25	370.00	0.394 times
31 Wed Jan 2024	415.60	405.40	430.60	391.35	2.464 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Sumitomo Chem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumitomo Chem in short term and the buy 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumitomo Chem is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 394.05 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 positive

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