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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 2024-10-29 View latest technical analysis

10 day averaged volume of Sumit Woods is 44677

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	133.46	131.00	136.90	128.00	0.569 times
28 Mon Oct 2024	132.39	126.69	133.12	120.45	3.154 times
25 Fri Oct 2024	126.79	132.00	132.00	126.54	0.645 times
24 Thu Oct 2024	133.21	134.30	134.30	129.00	0.078 times
23 Wed Oct 2024	134.35	129.96	135.00	123.46	1.848 times
22 Tue Oct 2024	129.96	136.70	136.70	129.96	0.929 times
21 Mon Oct 2024	136.81	141.00	141.99	133.20	0.502 times
18 Fri Oct 2024	140.00	142.90	143.80	138.00	0.333 times
17 Thu Oct 2024	144.76	148.70	148.70	142.62	0.59 times
16 Wed Oct 2024	149.74	149.74	149.74	149.74	1.162 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 131.1 as stoploss in an intra day buy trade for a target of 138.02. However, stock will show a bearish move below 131.1.

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	120.45
Downside Target	123.46
Downside Target	127.00
Downside 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	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	123.64
Downside Intraday Target	113.82
Upside Intraday Target	140.09
Upside Intraday Target	146.72
Downside Intraday Target	130.27

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	133.46	126.69	136.90	120.45	0.93 times
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

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
29 Tue Oct 2024	133.46	151.40	152.00	120.45	0.651 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 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 135.51 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.