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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 2024-07-18 View latest technical analysis

10 day averaged volume of Sumit Woods is 59940

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	79.99	80.30	81.78	78.60	0.889 times
16 Tue Jul 2024	80.21	81.85	81.85	80.21	0.208 times
15 Mon Jul 2024	81.85	81.83	81.85	81.80	0.079 times
12 Fri Jul 2024	81.83	83.49	83.49	81.83	0.266 times
11 Thu Jul 2024	83.50	81.63	83.50	81.63	0.24 times
10 Wed Jul 2024	83.30	84.10	84.10	83.30	0.497 times
09 Tue Jul 2024	85.00	84.90	85.00	83.71	1.06 times
08 Mon Jul 2024	85.37	85.37	85.37	85.37	0.986 times
05 Fri Jul 2024	87.12	87.94	87.94	84.30	1.148 times
04 Thu Jul 2024	87.64	91.16	91.16	84.11	4.974 times

My analysis of stock is bearish for shortterm, and stock might move down till 77.6 or till 73.1. Use a stoploss of 81.36 and if the stock hits stoploss, then it can shoot up till 85.14

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	57.55
Downside Target	65.40
Downside Target	68.20
Downside Target	71.56
Downside Target	73.40
Downside Target	78.00
Upside Target	81.63
Upside Target	81.89
Upside Target	82.49
Upside Target	85.37
Upside Target	91.16

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	78.44
Downside Intraday Target	76.9
Upside Intraday Target	81.69
Upside Intraday Target	83.4
Upside Intraday Target	80.15

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	79.99	81.83	81.85	78.60	0.386 times
12 Fri Jul 2024	81.83	85.37	85.37	81.63	0.336 times
05 Fri Jul 2024	87.12	74.95	91.16	74.10	3.248 times
28 Fri Jun 2024	75.01	81.89	81.89	73.40	0.574 times
21 Fri Jun 2024	79.32	73.71	82.49	71.56	3.134 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
18 Thu Jul 2024	79.99	74.95	91.16	74.10	1.033 times
28 Fri Jun 2024	75.01	73.05	82.49	65.40	1.15 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

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

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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 85.79 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.