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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 2024-07-25 View latest technical analysis

10 day averaged volume of Sumit Woods is 18376

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	79.86	81.00	81.00	79.86	0.299 times
24 Wed Jul 2024	81.49	78.51	81.49	78.51	0.481 times
23 Tue Jul 2024	80.00	80.10	80.10	78.49	0.757 times
22 Mon Jul 2024	80.10	79.98	80.10	79.98	0.803 times
19 Fri Jul 2024	79.99	80.10	80.10	79.00	0.85 times
18 Thu Jul 2024	79.99	80.30	81.78	78.60	2.901 times
16 Tue Jul 2024	80.21	81.85	81.85	80.21	0.68 times
15 Mon Jul 2024	81.85	81.83	81.85	81.80	0.258 times
12 Fri Jul 2024	81.83	83.49	83.49	81.83	0.867 times
11 Thu Jul 2024	83.50	81.63	83.50	81.63	0.782 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 78.4 as stoploss in an intra day buy trade for a target of 81.79. However, stock will show a bearish move below 78.4.

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
Upside 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	78.4
Downside Intraday Target	76.95
Upside Intraday Target	81.4
Upside Intraday Target	82.95
Upside Intraday Target	79.95

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	79.86	79.98	81.49	78.49	0.499 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 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 Thu Jul 2024	79.86	74.95	91.16	74.10	1.109 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 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 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 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 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 weakening, and bulls are picking up momentum!

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 80.65 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.