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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 2024-11-27 View latest technical analysis

10 day averaged volume of Sumit Woods is 20941

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	133.83	135.00	135.00	129.05	0.486 times
26 Tue Nov 2024	131.82	132.30	134.90	129.00	1.498 times
25 Mon Nov 2024	132.89	133.00	134.99	130.00	0.171 times
22 Fri Nov 2024	129.90	127.99	130.80	125.35	0.42 times
21 Thu Nov 2024	128.28	128.49	128.49	124.60	0.544 times
19 Tue Nov 2024	128.54	130.93	130.93	125.03	0.683 times
18 Mon Nov 2024	127.74	126.95	128.80	121.28	0.689 times
14 Thu Nov 2024	127.09	130.21	133.00	124.85	1.109 times
13 Wed Nov 2024	130.21	133.99	133.99	130.19	1.281 times
12 Tue Nov 2024	137.05	134.00	138.95	127.02	2.261 times

My analysis of stock is bearish for shortterm, and stock might move down till 129.8 or till 124. Use a stoploss of 134.57 and if the stock hits stoploss, then it can shoot up till 139.36

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	130.22
Downside Intraday Target	126.61
Upside Intraday Target	136.22
Upside Intraday Target	138.61
Downside Intraday Target	132.61

Weekly technical analysis of Sumit Woods (SUMIT_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	133.83	133.00	135.00	129.00	0.923 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
27 Wed Nov 2024	133.83	145.23	147.00	121.28	0.377 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 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 losing 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. Bulls are getting stronger in this stock.

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 and BUY 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 131.59 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 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.