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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 2024-10-15 View latest technical analysis

10 day averaged volume of Sumit Woods is 29038

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	142.61	137.96	142.61	136.00	1.165 times
14 Mon Oct 2024	135.82	133.80	136.92	131.99	0.86 times
11 Fri Oct 2024	133.82	131.90	134.91	127.00	1.363 times
10 Thu Oct 2024	131.41	132.30	133.64	128.75	1.39 times
09 Wed Oct 2024	133.64	135.99	137.50	131.00	1.394 times
08 Tue Oct 2024	136.47	131.70	141.29	131.65	3.081 times
07 Mon Oct 2024	138.58	145.90	146.25	138.58	0.711 times
04 Fri Oct 2024	145.88	146.25	146.25	145.88	0.259 times
03 Thu Oct 2024	148.86	151.70	151.70	148.86	0.287 times
01 Tue Oct 2024	151.90	151.40	152.00	151.40	0.541 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 138.3 as stoploss in an intra day buy trade for a target of 147.01. However, stock will show a bearish move below 138.3.

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	127.00
Downside Target	131.99
Downside Target	135.34
Downside Target	142.61
Upside Target	148.95
Upside Target	152.00
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	135.53
Downside Intraday Target	128.45
Upside Intraday Target	146.15
Upside Intraday Target	149.69
Downside Intraday Target	139.07

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	142.61	133.80	142.61	131.99	0.255 times
11 Fri Oct 2024	133.82	145.90	146.25	127.00	6.61 times
04 Fri Oct 2024	145.88	156.99	156.99	145.88	0.242 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

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
15 Tue Oct 2024	142.61	151.40	152.00	127.00	0.275 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 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 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 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.

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

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 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 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 137.18 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 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.