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(SumeruInd) Sumeru Ind complete technical analysis [charts+indicators] | Buy/Sell Sumeru Ind | (SumeruInd) share price targets

Complete technical analysis of Sumeru Ind (SumeruInd) by charts plus indicators, forecast predictions and share price targets for Sumeru Ind (SumeruInd)

Showing technical analysis as on 2024-12-31 View latest technical analysis

10 day averaged volume of Sumeru Ind is 15766

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	2.22	2.44	2.44	2.22	1.301 times
30 Mon Dec 2024	2.33	2.32	2.37	2.30	0.854 times
27 Fri Dec 2024	2.27	2.45	2.45	2.27	0.403 times
26 Thu Dec 2024	2.38	2.50	2.50	2.38	1.52 times
24 Tue Dec 2024	2.48	2.50	2.50	2.33	0.292 times
23 Mon Dec 2024	2.43	2.37	2.54	2.35	0.393 times
20 Fri Dec 2024	2.44	2.50	2.58	2.40	0.601 times
19 Thu Dec 2024	2.50	2.60	2.60	2.46	1.055 times
18 Wed Dec 2024	2.56	2.45	2.63	2.45	0.714 times
17 Tue Dec 2024	2.54	2.49	2.58	2.36	2.523 times

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 2.2, for a target of 2.4 or 2.47

Share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Target	1.81
Downside Target	1.97
Downside Target	2.22
Upside Target	2.36
Upside Target	2.41
Upside Target	2.54
Upside Target	2.57
Upside Target	2.67
Upside Target	2.68
Upside Target	2.70
Upside Target	2.82

Intraday share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Intraday Target	2.15
Downside Intraday Target	2.07
Upside Intraday Target	2.37
Upside Intraday Target	2.51
Upside Intraday Target	2.29

Weekly technical analysis of Sumeru Ind (SumeruInd)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	2.22	2.32	2.44	2.22	0.826 times
27 Fri Dec 2024	2.27	2.37	2.54	2.27	0.399 times
20 Fri Dec 2024	2.44	2.67	2.67	2.36	0.859 times
13 Fri Dec 2024	2.58	2.53	2.82	2.41	1.778 times
06 Fri Dec 2024	2.41	2.32	2.57	2.26	0.499 times

Price has moved down 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 Sumeru Ind (SumeruInd)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	2.22	2.32	2.82	2.22	1.651 times
29 Fri Nov 2024	2.37	2.30	2.68	2.23	0.483 times
31 Thu Oct 2024	2.34	2.20	2.70	1.97	1.937 times
30 Mon Sep 2024	2.16	2.28	2.30	1.97	0.415 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 Sumeru Ind (SumeruInd)

Price action analysis of Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumeru Ind in short term and the sell signal is strong.

Sumeru Ind 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 Sumeru Ind 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 Sumeru Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.43 and Sumeru Ind (SumeruInd) 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 Sumeru Ind (SumeruInd) stock. Volume based technical analysis of Sumeru Ind (SumeruInd) stock is negative.

Sumeru Ind 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.