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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)

Showing technical analysis as on 2024-05-28 View latest technical analysis

10 day averaged volume of Sumit Woods is 26340

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	72.40	72.75	73.00	70.35	1.937 times
27 Mon May 2024	72.75	72.95	74.60	71.10	1.718 times
24 Fri May 2024	72.60	73.00	73.55	72.20	0.635 times
23 Thu May 2024	73.60	72.00	73.95	71.90	0.693 times
22 Wed May 2024	72.90	73.85	74.00	72.45	1.768 times
21 Tue May 2024	73.35	73.75	74.95	72.10	0.757 times
18 Sat May 2024	73.75	74.40	74.95	73.00	0.103 times
17 Fri May 2024	74.40	73.25	75.00	71.40	1.109 times
16 Thu May 2024	73.20	73.90	74.10	71.60	0.964 times
15 Wed May 2024	74.60	73.90	75.00	73.00	1.109 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 72 as stoploss in an intra day buy trade for a target of 73.3. However, stock will show a bearish move below 72.

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
Upside Target	73.00
Upside Target	74.60
Upside Target	74.95
Upside Target	75.60
Upside Target	78.00
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	70.3
Downside Intraday Target	68.2
Upside Intraday Target	74.55
Upside Intraday Target	76.7
Upside Intraday Target	72.45

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	72.40	72.95	74.60	70.35	0.948 times
24 Fri May 2024	72.60	73.75	74.95	71.90	0.822 times
18 Sat May 2024	73.75	74.05	75.60	71.25	1.319 times
10 Fri May 2024	74.05	73.00	78.00	71.75	0.987 times
03 Fri May 2024	72.65	72.30	73.00	69.20	0.843 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Tue May 2024	72.40	71.90	78.00	69.20	1.333 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 in or below 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

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 73.21 and Sumit Woods (SUMIT_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.