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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 2024-09-13 View latest technical analysis

10 day averaged volume of Sumit Woods is 55626

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	143.41	143.41	143.41	143.41	0.647 times
12 Thu Sep 2024	146.34	146.34	146.34	146.34	1.124 times
11 Wed Sep 2024	149.33	155.42	155.42	149.33	1.813 times
10 Tue Sep 2024	152.38	152.38	152.38	152.38	0.058 times
09 Mon Sep 2024	149.40	149.40	149.40	149.40	0.281 times
06 Fri Sep 2024	146.48	146.48	146.48	146.48	0.246 times
05 Thu Sep 2024	143.61	143.61	143.61	143.61	0.052 times
04 Wed Sep 2024	140.80	140.80	140.80	140.80	0.215 times
03 Tue Sep 2024	138.04	138.04	138.04	138.04	5.911 times
02 Mon Sep 2024	135.34	135.34	135.34	135.34	0.172 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 146 as stoploss in an intra day sell trade for a target of 133.28. However, stock will show a bullish move above 146.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	69.20
Downside Target	74.10
Downside Target	78.00
Downside Target	82.49
Downside Target	91.16
Downside Target	97.10
Downside Target	104.19
Downside Target	112.39
Downside Target	120.25
Downside Target	132.69
Downside Target	135.34
Downside Target	143.41
Upside Target	146.48
Upside Target	155.42

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	139.41
Downside Intraday Target	135.4
Upside Intraday Target	151.42
Upside Intraday Target	159.42
Upside Intraday Target	147.41

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	143.41	149.40	155.42	143.41	0.595 times
06 Fri Sep 2024	146.48	135.34	146.48	135.34	9.362 times
30 Fri Aug 2024	132.69	122.59	132.69	122.59	0.081 times
23 Fri Aug 2024	120.19	114.90	120.25	104.19	0.433 times
16 Fri Aug 2024	112.38	97.10	112.39	97.10	10.279 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
13 Fri Sep 2024	143.41	135.34	155.42	135.34	0.332 times
30 Fri Aug 2024	132.69	83.00	132.69	83.00	1.96 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

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short to mid 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 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 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. 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 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 141.82 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.