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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 2024-10-25 View latest technical analysis

10 day averaged volume of Sumit Woods is 34157

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	126.79	132.00	132.00	126.54	0.844 times
24 Thu Oct 2024	133.21	134.30	134.30	129.00	0.102 times
23 Wed Oct 2024	134.35	129.96	135.00	123.46	2.418 times
22 Tue Oct 2024	129.96	136.70	136.70	129.96	1.215 times
21 Mon Oct 2024	136.81	141.00	141.99	133.20	0.657 times
18 Fri Oct 2024	140.00	142.90	143.80	138.00	0.436 times
17 Thu Oct 2024	144.76	148.70	148.70	142.62	0.772 times
16 Wed Oct 2024	149.74	149.74	149.74	149.74	1.52 times
15 Tue Oct 2024	142.61	137.96	142.61	136.00	0.99 times
14 Mon Oct 2024	135.82	133.80	136.92	131.99	0.731 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 131.9, but if it comes above 131.9, then a intra day buy could be more profitable.
If you take a sell trade below 131.9, then use 131.9 as stoploss and 121.8 as target. However if you take a buy trade in stock , then use 131.9 as stoploss and 140.3 as target.

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	123.46
Upside Target	127.00
Upside Target	131.99
Upside Target	135.34
Upside Target	141.99
Upside Target	145.88
Upside Target	149.74
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	119.5
Downside Intraday Target	112.22
Upside Intraday Target	138.03
Upside Intraday Target	149.28
Upside Intraday Target	130.75

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	126.79	141.00	141.99	123.46	1.177 times
18 Fri Oct 2024	140.00	133.80	149.74	131.99	0.659 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

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
25 Fri Oct 2024	126.79	151.40	152.00	123.46	0.508 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sumit Woods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumit Woods in short term and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 137.75 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.