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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)

10 day averaged volume of Suumaya Industries is 240465

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	7.45	7.90	8.15	7.45	2.846 times
21 Thu Mar 2024	7.80	8.00	8.00	7.60	1.545 times
20 Wed Mar 2024	7.70	8.10	8.10	7.70	0.718 times
19 Tue Mar 2024	7.90	8.10	8.50	7.80	2.235 times
18 Mon Mar 2024	8.10	7.95	8.25	7.55	0.772 times
15 Fri Mar 2024	7.95	8.40	8.40	7.75	0.67 times
14 Thu Mar 2024	8.15	7.45	8.15	7.45	0.934 times
13 Wed Mar 2024	7.80	8.00	8.20	7.80	0.59 times
12 Tue Mar 2024	8.20	8.40	8.55	8.00	0.8 times
11 Mon Mar 2024	8.40	8.55	8.55	7.75	1.547 times

Stock of Suumaya Industries (SUULD_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 7.5, for a target of 7.8 or 8.04

Share price targets for Suumaya Industries (SUULD_BE)

Target Type	Value
Downside Target	6.60
Downside Target	6.80
Downside Target	7.45
Upside 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	7.1
Downside Intraday Target	6.75
Upside Intraday Target	8.15
Upside Intraday Target	8.85
Upside Intraday Target	7.8

Weekly technical analysis of Suumaya Industries (SUULD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	7.45	7.95	8.50	7.45	1.787 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 down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Suumaya Industries (SUULD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	7.45	8.00	8.55	7.45	1.83 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 down this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a SELL signal for Suumaya Industries in short term and the sell signal is strong.

Suumaya Industries 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 coming down

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 positive zone. This is a BUY zone

Stock of Suumaya Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.88 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.