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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 2024-10-03 View latest technical analysis

10 day averaged volume of Sumit Woods is 30316

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	148.86	151.70	151.70	148.86	0.275 times
01 Tue Oct 2024	151.90	151.40	152.00	151.40	0.518 times
30 Mon Sep 2024	154.40	156.99	156.99	154.40	0.109 times
27 Fri Sep 2024	157.00	156.00	157.00	155.90	0.746 times
26 Thu Sep 2024	156.00	154.00	156.00	154.00	0.184 times
25 Wed Sep 2024	154.99	151.94	154.99	148.95	2.194 times
24 Tue Sep 2024	151.99	154.94	154.94	151.99	0.386 times
23 Mon Sep 2024	154.97	155.65	155.65	152.58	1.238 times
20 Fri Sep 2024	155.70	156.90	157.75	155.70	1.43 times
19 Thu Sep 2024	154.80	152.15	154.80	149.12	2.897 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 146.9 as stoploss in an intra day buy trade for a target of 150.96. However, stock will show a bearish move below 146.9.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	65.40
Downside Target	74.10
Downside Target	82.49
Downside Target	91.16
Downside Target	132.69
Downside Target	135.34
Downside Target	143.41
Downside Target	146.48
Upside Target	152.00
Upside Target	155.42
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	146.15
Downside Intraday Target	143.44
Upside Intraday Target	154.28
Upside Intraday Target	159.7
Upside Intraday Target	151.57

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	148.86	156.99	156.99	148.86	0.19 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
03 Thu Oct 2024	148.86	151.40	152.00	148.86	0.021 times
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

Scroll below to view daily charts

Price has moved down 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 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 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 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 SELL. 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 getting stronger in this stock.

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 positive zone. This is a BUY 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 154.75 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.