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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 2024-08-01 View latest technical analysis

10 day averaged volume of Sumit Woods is 15421

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	84.74	83.00	84.89	83.00	0.738 times
31 Wed Jul 2024	83.25	83.10	83.99	83.00	0.606 times
30 Tue Jul 2024	83.10	83.10	83.20	83.10	0.257 times
29 Mon Jul 2024	83.01	81.39	83.01	81.39	0.679 times
26 Fri Jul 2024	81.39	81.44	81.44	80.95	1.201 times
25 Thu Jul 2024	79.86	81.00	81.00	79.86	0.356 times
24 Wed Jul 2024	81.49	78.51	81.49	78.51	0.573 times
23 Tue Jul 2024	80.00	80.10	80.10	78.49	0.902 times
22 Mon Jul 2024	80.10	79.98	80.10	79.98	0.957 times
19 Fri Jul 2024	79.99	80.10	80.10	79.00	1.013 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 85 as stoploss in an intra day sell trade for a target of 82.64. However, stock will show a bullish move above 85.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	68.20
Downside Target	74.10
Downside Target	78.00
Downside Target	81.39
Downside Target	82.49
Downside Target	83.00
Upside Target	84.89
Upside Target	85.37
Upside Target	91.16

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	82.46
Downside Intraday Target	80.17
Upside Intraday Target	85.96
Upside Intraday Target	87.17
Downside Intraday Target	83.67

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	84.74	81.39	84.89	81.39	0.572 times
26 Fri Jul 2024	81.39	79.98	81.49	78.49	0.714 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

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
01 Thu Aug 2024	84.74	83.00	84.89	83.00	0.013 times
31 Wed Jul 2024	83.25	74.95	91.16	74.10	1.164 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

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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumit Woods in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumit Woods Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

CCI has generated a buy signal for Sumit Woods in short term and BUY 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

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 81.49 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 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.