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(SUULD_BE) Suumaya Industries complete technical analysis [charts+indicators] | Buy/Sell Suumaya Industries | (SUULD_BE) share price targets

Complete technical analysis of Suumaya Industries (SUULD_BE) by charts plus indicators, forecast predictions and share price targets for Suumaya Industries (SUULD_BE)

Showing technical analysis as on 2024-03-18 View latest technical analysis

10 day averaged volume of Suumaya Industries is 126585

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	8.10	7.95	8.25	7.55	1.466 times
15 Fri Mar 2024	7.95	8.40	8.40	7.75	1.272 times
14 Thu Mar 2024	8.15	7.45	8.15	7.45	1.775 times
13 Wed Mar 2024	7.80	8.00	8.20	7.80	1.122 times
12 Tue Mar 2024	8.20	8.40	8.55	8.00	1.52 times
11 Mon Mar 2024	8.40	8.55	8.55	7.75	2.939 times
07 Thu Mar 2024	8.15	7.95	8.15	7.95	0.36 times
06 Wed Mar 2024	8.00	8.00	8.00	7.90	0.288 times
05 Tue Mar 2024	8.00	7.95	8.00	7.95	0.33 times
04 Mon Mar 2024	8.00	8.10	8.10	7.95	0.381 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 8 as stoploss in an intra day buy trade for a target of 8.21. However, stock will show a bearish move below 8.

Share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Target	6.60
Downside Target	6.80
Downside Target	7.45
Downside Target	7.75
Upside Target	8.35
Upside Target	8.55
Upside Target	8.65
Upside Target	9.10
Upside Target	9.25
Upside Target	10.80
Upside Target	11.00

Intraday share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Intraday Target	7.68
Downside Intraday Target	7.27
Upside Intraday Target	8.38
Upside Intraday Target	8.67
Downside Intraday Target	7.97

Weekly technical analysis of Suumaya Industries (SUULD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	8.10	7.95	8.25	7.55	0.17 times
15 Fri Mar 2024	7.95	8.55	8.55	7.45	6.352 times
07 Thu Mar 2024	8.15	8.10	8.15	7.90	0.422 times
02 Sat Mar 2024	8.10	8.50	8.65	8.00	0.857 times
23 Fri Feb 2024	8.35	8.95	9.10	8.35	0.895 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 Suumaya Industries (SUULD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	8.10	8.00	8.55	7.45	0.839 times
29 Thu Feb 2024	8.05	10.80	10.80	8.05	0.524 times
31 Wed Jan 2024	11.00	7.95	11.00	7.75	1.511 times
29 Fri Dec 2023	7.95	6.70	9.25	6.60	2.466 times

Scroll below to view daily charts

Price has moved up 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 Suumaya Industries (SUULD_BE)

Price action analysis of Suumaya Industries ( (SUULD_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 Suumaya Industries ( (SUULD_BE) ) based on a short 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 Suumaya Industries ( (SUULD_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 Suumaya Industries ( (SUULD_BE) ) based on a mid to longer 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.

ADX buy sell signal for Suumaya Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Suumaya Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Suumaya Industries 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 below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Suumaya Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 Suumaya Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.14 and Suumaya Industries (SUULD_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 Suumaya Industries (SUULD_BE) stock. Volume based technical analysis of Suumaya Industries (SUULD_BE) stock is negative.

Suumaya Industries 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.