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(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 2024-03-19 View latest technical analysis

10 day averaged volume of Sumit Woods is 168538

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	52.40	53.20	53.20	51.15	0.136 times
18 Mon Mar 2024	53.20	53.15	54.80	51.30	0.114 times
15 Fri Mar 2024	53.15	52.25	56.85	52.25	0.164 times
14 Thu Mar 2024	54.80	51.00	55.90	50.90	0.609 times
13 Wed Mar 2024	53.55	56.95	56.95	53.55	0.109 times
12 Tue Mar 2024	56.35	59.95	59.95	56.35	0.211 times
11 Mon Mar 2024	59.30	61.00	62.95	58.20	0.229 times
06 Wed Dec 2023	54.70	54.70	54.70	49.60	4.646 times
05 Tue Dec 2023	52.10	52.10	52.10	52.10	0.428 times
04 Mon Dec 2023	49.65	49.65	49.65	49.65	0.195 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 54.7 as stoploss in an intra day sell trade for a target of 46.82. However, stock will show a bullish move above 54.7.

Share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Target	27.25
Downside Target	28.35
Downside Target	31.95
Downside Target	33.75
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	54.80
Upside Target	62.95

Intraday share price targets for Sumit Woods (SUMIT)

Target Type	Value
Downside Intraday Target	50.77
Downside Intraday Target	49.13
Upside Intraday Target	54.42
Upside Intraday Target	56.43
Upside Intraday Target	52.78

Weekly technical analysis of Sumit Woods (SUMIT)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	52.40	53.15	54.80	51.15	0.189 times
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

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
19 Tue Mar 2024	52.40	61.00	62.95	50.90	0.184 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 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 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 losing momentum.

MACD generated a SELL signal for Sumit Woods in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Sumit Woods in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.48 and Sumit Woods (SUMIT) stock is trading below this level. This means that stock is falling with high volumes. 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.