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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 2024-11-26 View latest technical analysis

10 day averaged volume of Sumit Woods is 20581

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	131.82	132.30	134.90	129.00	1.525 times
25 Mon Nov 2024	132.89	133.00	134.99	130.00	0.174 times
22 Fri Nov 2024	129.90	127.99	130.80	125.35	0.427 times
21 Thu Nov 2024	128.28	128.49	128.49	124.60	0.553 times
19 Tue Nov 2024	128.54	130.93	130.93	125.03	0.695 times
18 Mon Nov 2024	127.74	126.95	128.80	121.28	0.701 times
14 Thu Nov 2024	127.09	130.21	133.00	124.85	1.129 times
13 Wed Nov 2024	130.21	133.99	133.99	130.19	1.304 times
12 Tue Nov 2024	137.05	134.00	138.95	127.02	2.3 times
11 Mon Nov 2024	133.71	142.00	142.00	132.23	1.367 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 129.7 as stoploss in an intra day buy trade for a target of 134.5. However, stock will show a bearish move below 129.7.

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	124.85
Downside Target	129.00
Upside Target	135.34
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	128.88
Downside Intraday Target	125.95
Upside Intraday Target	134.87
Upside Intraday Target	137.93
Upside Intraday Target	131.94

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	131.82	133.00	134.99	129.00	0.715 times
22 Fri Nov 2024	129.90	126.95	130.93	121.28	0.39 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

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
26 Tue Nov 2024	131.82	145.23	147.00	121.28	0.364 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 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 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 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 Weak and stock is gaining momentum.

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

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 red color and prices are in or above the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 131.77 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 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.