Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(SUMIT) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT) share price targets

Complete technical analysis of Sumit Woods (SUMIT) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT)

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Sumit Woods is 173431

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	53.15	52.25	56.85	52.25	0.16 times
14 Thu Mar 2024	54.80	51.00	55.90	50.90	0.592 times
13 Wed Mar 2024	53.55	56.95	56.95	53.55	0.106 times
12 Tue Mar 2024	56.35	59.95	59.95	56.35	0.205 times
11 Mon Mar 2024	59.30	61.00	62.95	58.20	0.223 times
06 Wed Dec 2023	54.70	54.70	54.70	49.60	4.515 times
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.416 times
04 Mon Dec 2023	49.65	49.65	49.65	49.65	0.189 times
01 Fri Dec 2023	47.30	47.30	47.30	47.30	3.202 times
30 Thu Nov 2023	45.05	45.05	45.05	45.05	0.262 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 53.4 as stoploss in an intra day sell trade for a target of 44.81. However, stock will show a bullish move above 53.4.

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	27.25
Downside Target	28.00
Downside Target	31.95
Downside Target	33.75
Downside Target	35.15
Downside Target	37.00
Downside Target	37.90
Downside Target	39.55
Downside Target	45.05
Downside Target	47.30
Downside Target	49.60
Downside Target	50.90
Upside Target	54.70
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	48.38
Downside Intraday Target	43.62
Upside Intraday Target	60.43
Upside Intraday Target	67.72
Upside Intraday Target	55.67

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	53.15	61.00	62.95	50.90	0.251 times
06 Wed Dec 2023	54.70	49.65	54.70	49.60	0.65 times
01 Fri Dec 2023	47.30	40.65	47.30	37.90	1.454 times
24 Fri Nov 2023	39.00	36.90	39.55	33.75	1.704 times
17 Fri Nov 2023	35.15	28.70	35.15	28.00	1.008 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 Sumit Woods (SUMIT)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	53.15	61.00	62.95	50.90	0.154 times
06 Wed Dec 2023	54.70	47.30	54.70	47.30	0.459 times
30 Thu Nov 2023	45.05	29.05	45.05	27.25	9.416 times
31 Tue Oct 2023	28.70	31.55	31.95	28.35	4.536 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 Sumit Woods (SUMIT)

Price action analysis of Sumit Woods ( (SUMIT) ) 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 Sumit Woods ( (SUMIT) ) 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 Sumit Woods ( (SUMIT) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Sumit Woods in short term and the buy signal is strong.

Sumit Woods 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Sumit Woods 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumit Woods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.94 and Sumit Woods (SUMIT) 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 Sumit Woods (SUMIT) stock. Volume based technical analysis of Sumit Woods (SUMIT) stock is negative.

Sumit Woods 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.