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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 2024-05-30 View latest technical analysis

10 day averaged volume of Sumit Woods is 34332

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	73.65	75.90	75.90	72.40	1.405 times
29 Wed May 2024	75.90	72.95	76.00	71.00	2.57 times
28 Tue May 2024	72.40	72.75	73.00	70.35	1.486 times
27 Mon May 2024	72.75	72.95	74.60	71.10	1.318 times
24 Fri May 2024	72.60	73.00	73.55	72.20	0.487 times
23 Thu May 2024	73.60	72.00	73.95	71.90	0.532 times
22 Wed May 2024	72.90	73.85	74.00	72.45	1.356 times
21 Tue May 2024	73.35	73.75	74.95	72.10	0.581 times
18 Sat May 2024	73.75	74.40	74.95	73.00	0.079 times
17 Fri May 2024	74.40	73.25	75.00	71.40	0.851 times

My analysis of stock is bearish for shortterm, and stock might move down till 72.7 or till 71.5. Use a stoploss of 73.72 and if the stock hits stoploss, then it can shoot up till 74.73

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	73.00
Upside Target	74.95
Upside Target	75.60
Upside Target	76.00
Upside Target	78.00
Upside Target	78.90

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	70.67
Downside Intraday Target	67.68
Upside Intraday Target	76.32
Upside Intraday Target	78.98
Downside Intraday Target	73.33

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	73.65	72.95	76.00	70.35	2.293 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumit Woods (SUMIT_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	73.65	71.90	78.00	69.20	1.714 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short to mid 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 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 Sumit Woods stock for short term is BUY. Signal strength is Weak 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. Bulls 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 but SELL signal is weak.

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 73.81 and Sumit Woods (SUMIT_BE) 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_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) 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.