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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 2024-06-27 View latest technical analysis

10 day averaged volume of Sumit Woods is 45712

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	75.33	76.30	78.98	73.40	1.232 times
26 Wed Jun 2024	76.11	76.95	76.99	75.10	0.495 times
25 Tue Jun 2024	76.97	77.80	78.49	76.00	0.626 times
24 Mon Jun 2024	79.10	81.89	81.89	75.45	0.949 times
21 Fri Jun 2024	79.32	81.79	82.49	79.00	1.077 times
20 Thu Jun 2024	81.20	82.00	82.00	80.00	1.94 times
19 Wed Jun 2024	78.87	76.00	79.20	73.05	1.987 times
18 Tue Jun 2024	75.43	73.71	75.95	71.56	1.374 times
14 Fri Jun 2024	73.71	73.82	75.00	72.00	0.229 times
13 Thu Jun 2024	73.86	73.00	75.00	71.05	0.871 times

My analysis of stock is bullish for shortterm, and stock might move up till 77.7 or till 81.7. Use a stoploss of 74.43 and if this stock hits its stoploss, then it can fall down till 71.12

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	73.40
Upside Target	75.75
Upside Target	76.00
Upside 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	71.86
Downside Intraday Target	68.38
Upside Intraday Target	80.35
Upside Intraday Target	85.36
Upside Intraday Target	76.87

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	75.33	81.89	81.89	73.40	0.518 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
27 Thu Jun 2024	75.33	73.05	82.49	65.40	1.126 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 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 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 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 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 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 77.76 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 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.