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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 2024-09-30 View latest technical analysis

10 day averaged volume of Sumit Woods is 57879

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	154.40	156.99	156.99	154.40	0.057 times
27 Fri Sep 2024	157.00	156.00	157.00	155.90	0.391 times
26 Thu Sep 2024	156.00	154.00	156.00	154.00	0.096 times
25 Wed Sep 2024	154.99	151.94	154.99	148.95	1.149 times
24 Tue Sep 2024	151.99	154.94	154.94	151.99	0.202 times
23 Mon Sep 2024	154.97	155.65	155.65	152.58	0.648 times
20 Fri Sep 2024	155.70	156.90	157.75	155.70	0.749 times
19 Thu Sep 2024	154.80	152.15	154.80	149.12	1.517 times
18 Wed Sep 2024	152.17	152.17	152.17	152.17	0.156 times
17 Tue Sep 2024	149.19	148.95	149.19	147.95	1.291 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 155.2 as stoploss in an intra day sell trade for a target of 149.86. However, stock will show a bullish move above 155.2.

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	132.69
Downside Target	135.34
Downside Target	143.41
Downside Target	146.48
Downside Target	154.40
Upside Target	156.99
Upside Target	157.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	153.54
Downside Intraday Target	152.67
Upside Intraday Target	156.13
Upside Intraday Target	157.85
Upside Intraday Target	155.26

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	154.40	156.99	156.99	154.40	0.023 times
27 Fri Sep 2024	157.00	155.65	157.00	148.95	0.331 times
20 Fri Sep 2024	155.70	143.61	157.75	143.61	1.993 times
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

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
30 Mon Sep 2024	154.40	135.34	157.75	135.34	0.663 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 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 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 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 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 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 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 coming down

CCI has generated a SELL signal for Sumit Woods in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 153.8 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.