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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 2024-07-24 View latest technical analysis

10 day averaged volume of Sumit Woods is 23846

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	81.49	78.51	81.49	78.51	0.37 times
23 Tue Jul 2024	80.00	80.10	80.10	78.49	0.583 times
22 Mon Jul 2024	80.10	79.98	80.10	79.98	0.619 times
19 Fri Jul 2024	79.99	80.10	80.10	79.00	0.655 times
18 Thu Jul 2024	79.99	80.30	81.78	78.60	2.236 times
16 Tue Jul 2024	80.21	81.85	81.85	80.21	0.524 times
15 Mon Jul 2024	81.85	81.83	81.85	81.80	0.199 times
12 Fri Jul 2024	81.83	83.49	83.49	81.83	0.668 times
11 Thu Jul 2024	83.50	81.63	83.50	81.63	0.602 times
10 Wed Jul 2024	83.30	84.10	84.10	83.30	1.25 times

My analysis of stock is bearish for shortterm, and stock might move down till 78 or till 73.7. Use a stoploss of 81.61 and if the stock hits stoploss, then it can shoot up till 85.22

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	73.40
Downside Target	78.00
Downside Target	81.49
Upside Target	81.63
Upside Target	81.85
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	79.49
Downside Intraday Target	77.49
Upside Intraday Target	82.49
Upside Intraday Target	83.49
Downside Intraday Target	80.49

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	81.49	79.98	81.49	78.49	0.435 times
19 Fri Jul 2024	79.99	81.83	81.85	78.60	0.472 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

Price has moved up 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
24 Wed Jul 2024	81.49	74.95	91.16	74.10	1.102 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 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 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 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumit Woods in short term but BUY 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 81.11 and Sumit Woods (SUMIT_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.