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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 2024-11-18 View latest technical analysis

10 day averaged volume of Sumit Woods is 20007

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	127.74	126.95	128.80	121.28	0.721 times
14 Thu Nov 2024	127.09	130.21	133.00	124.85	1.161 times
13 Wed Nov 2024	130.21	133.99	133.99	130.19	1.341 times
12 Tue Nov 2024	137.05	134.00	138.95	127.02	2.366 times
11 Mon Nov 2024	133.71	142.00	142.00	132.23	1.406 times
08 Fri Nov 2024	139.03	142.97	142.97	135.00	1.389 times
07 Thu Nov 2024	140.97	147.00	147.00	137.70	0.101 times
06 Wed Nov 2024	141.45	143.44	143.44	135.99	0.441 times
05 Tue Nov 2024	140.04	144.99	145.20	136.99	0.468 times
04 Mon Nov 2024	138.98	141.70	145.00	134.25	1.088 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 130.3, but if it comes above 130.3, then a intra day buy could be more profitable.
If you take a sell trade below 130.3, then use 130.3 as stoploss and 124.7 as target. However if you take a buy trade in stock , then use 130.3 as stoploss and 134.98 as target.

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
Upside Target	128.80
Upside Target	132.69
Upside Target	141.99
Upside Target	142.00
Upside Target	145.23
Upside Target	147.00
Upside Target	152.00
Upside Target	157.75

Intraday share price targets for Sumit Woods (SUMIT_BE)

Target Type	Value
Downside Intraday Target	123.08
Downside Intraday Target	118.42
Upside Intraday Target	130.6
Upside Intraday Target	133.46
Downside Intraday Target	125.94

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	127.74	126.95	128.80	121.28	0.115 times
14 Thu Nov 2024	127.09	142.00	142.00	124.85	1.8 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

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
18 Mon Nov 2024	127.74	145.23	147.00	121.28	0.275 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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 134.8 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.