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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 2024-11-11 View latest technical analysis

10 day averaged volume of Sumit Woods is 26204

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	133.71	142.00	142.00	132.23	1.073 times
08 Fri Nov 2024	139.03	142.97	142.97	135.00	1.06 times
07 Thu Nov 2024	140.97	147.00	147.00	137.70	0.077 times
06 Wed Nov 2024	141.45	143.44	143.44	135.99	0.337 times
05 Tue Nov 2024	140.04	144.99	145.20	136.99	0.358 times
04 Mon Nov 2024	138.98	141.70	145.00	134.25	0.831 times
01 Fri Nov 2024	141.20	145.23	145.23	138.00	0.183 times
31 Thu Oct 2024	138.32	137.00	140.00	135.10	0.313 times
30 Wed Oct 2024	136.93	139.98	139.98	134.00	0.494 times
29 Tue Oct 2024	133.46	131.00	136.90	128.00	0.971 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 132.5 as stoploss in an intra day buy trade for a target of 137.74. However, stock will show a bearish move below 132.5.

Share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Target	74.10
Downside Target	83.00
Downside Target	91.16
Downside Target	120.45
Downside Target	123.46
Downside Target	131.99
Upside Target	141.99
Upside Target	145.23
Upside Target	147.00
Upside Target	149.74
Upside Target	152.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	129.96
Downside Intraday Target	126.21
Upside Intraday Target	139.73
Upside Intraday Target	145.75
Upside Intraday Target	135.98

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	133.71	142.00	142.00	132.23	0.403 times
08 Fri Nov 2024	139.03	141.70	147.00	134.25	0.363 times
01 Fri Nov 2024	141.20	126.69	145.23	120.45	1.075 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

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
11 Mon Nov 2024	133.71	145.23	147.00	132.23	0.132 times
31 Thu Oct 2024	138.32	151.40	152.00	120.45	0.669 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

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 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 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 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. Bulls are getting tired and bears are picking up momentum.

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 137.15 and Sumit Woods (SUMIT_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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