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

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

10 day averaged volume of Sumit Woods is 25000

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.65	71.50	72.90	69.55	1.298 times
02 Thu May 2024	70.80	71.90	71.90	69.20	1.223 times
30 Tue Apr 2024	70.30	71.00	73.00	70.00	0.784 times
29 Mon Apr 2024	70.50	72.30	72.30	70.30	0.491 times
26 Fri Apr 2024	72.30	72.40	72.90	70.15	0.918 times
25 Thu Apr 2024	72.00	71.30	72.00	70.00	1.32 times
24 Wed Apr 2024	70.55	71.95	71.95	70.35	0.772 times
23 Tue Apr 2024	72.05	72.70	73.75	71.00	0.868 times
22 Mon Apr 2024	71.50	70.35	71.90	68.20	0.626 times
19 Fri Apr 2024	70.15	72.50	72.50	69.45	1.75 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 73.9 as stoploss in an intra day sell trade for a target of 69.24. However, stock will show a bullish move above 73.9.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	49.90
Downside Target	51.05
Downside Target	57.55
Downside Target	65.85
Downside Target	68.20
Downside Target	72.25
Upside Target	72.90
Upside Target	73.00
Upside Target	73.75
Upside Target	75.00
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	70.23
Downside Intraday Target	67.82
Upside Intraday Target	74.03
Upside Intraday Target	75.42
Downside Intraday Target	71.62

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.65	72.30	73.00	69.20	0.843 times
26 Fri Apr 2024	72.30	70.35	73.75	68.20	0.95 times
19 Fri Apr 2024	70.15	68.65	75.00	68.65	1.239 times
12 Fri Apr 2024	72.25	76.15	78.90	72.25	0.397 times
07 Thu Mar 2024	60.50	66.00	66.00	57.55	1.14 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 Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	72.65	71.90	72.90	69.20	0.176 times
30 Tue Apr 2024	70.30	76.15	78.90	68.20	1.252 times
07 Thu Mar 2024	60.50	60.95	66.00	57.55	0.361 times
29 Thu Feb 2024	59.90	52.90	70.45	51.05	0.519 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 Sumit Woods (SUMIT_BE)

Price action analysis of Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 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 positive zone. This is a BUY 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 71.3 and Sumit Woods (SUMIT_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.

Sumit Woods Stock has given negative 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.