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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 2024-06-25 View latest technical analysis

10 day averaged volume of Sumit Woods is 42800

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.669 times
24 Mon Jun 2024	79.10	81.89	81.89	75.45	1.013 times
21 Fri Jun 2024	79.32	81.79	82.49	79.00	1.151 times
20 Thu Jun 2024	81.20	82.00	82.00	80.00	2.072 times
19 Wed Jun 2024	78.87	76.00	79.20	73.05	2.123 times
18 Tue Jun 2024	75.43	73.71	75.95	71.56	1.467 times
14 Fri Jun 2024	73.71	73.82	75.00	72.00	0.245 times
13 Thu Jun 2024	73.86	73.00	75.00	71.05	0.93 times
12 Wed Jun 2024	73.09	72.31	74.09	70.00	0.482 times
11 Tue Jun 2024	72.31	73.00	74.99	71.37	0.283 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 77.6 as stoploss in an intra day sell trade for a target of 74.27. However, stock will show a bullish move above 77.6.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	51.05
Downside Target	57.55
Downside Target	65.40
Downside Target	68.20
Downside Target	75.45
Downside Target	76.00
Downside Target	76.49
Upside Target	78.00
Upside Target	78.90
Upside Target	81.89
Upside Target	82.49

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	74.32
Downside Intraday Target	71.66
Upside Intraday Target	80.76
Upside Intraday Target	84.54
Upside Intraday Target	78.1

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	76.97	81.89	81.89	75.45	0.247 times
21 Fri Jun 2024	79.32	73.71	82.49	71.56	3.134 times
14 Fri Jun 2024	73.71	73.00	76.49	70.00	0.424 times
07 Fri Jun 2024	73.00	73.05	75.75	65.40	0.759 times
31 Fri May 2024	73.05	72.95	76.00	70.35	2.848 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
25 Tue Jun 2024	76.97	73.05	82.49	65.40	1.008 times
31 Fri May 2024	73.05	71.90	78.00	69.20	1.871 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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short 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_BE) ) 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_BE) ) 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 Weak 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 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 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 77.79 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.