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

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

10 day averaged volume of Sumichem is 25288

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	417.60	415.55	421.35	412.55	1.287 times
07 Thu Dec 2023	415.25	412.05	416.00	410.15	1.089 times
06 Wed Dec 2023	412.90	410.65	415.80	410.25	0.928 times
05 Tue Dec 2023	410.65	409.05	414.30	408.20	0.7 times
04 Mon Dec 2023	408.60	417.65	418.10	406.80	0.704 times
01 Fri Dec 2023	409.90	412.00	415.00	404.00	1.154 times
30 Thu Nov 2023	406.70	390.00	408.45	387.80	2.37 times
29 Wed Nov 2023	387.60	382.15	389.90	381.20	1.001 times
28 Tue Nov 2023	384.00	394.90	394.90	382.85	0.545 times
24 Fri Nov 2023	389.95	391.95	392.00	388.05	0.713 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 422.6, for a target of 407.7 or 395.21

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	371.00
Downside Target	392.95
Downside Target	406.80
Downside Target	408.45
Downside Target	414.95
Downside Target	415.00
Upside Target	421.35
Upside Target	443.00
Upside Target	447.95
Upside Target	454.55

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	409.15
Downside Intraday Target	400.7
Upside Intraday Target	423.7
Upside Intraday Target	429.8
Downside Intraday Target	415.25

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	417.60	417.65	421.35	406.80	0.929 times
01 Fri Dec 2023	409.90	394.90	415.00	381.20	1.964 times
24 Fri Nov 2023	389.95	392.95	392.95	380.50	0.947 times
17 Fri Nov 2023	389.45	381.05	395.65	381.05	1.073 times
10 Fri Nov 2023	382.05	379.95	399.00	374.60	0.467 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 Sumichem (Sumichem)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	417.60	412.00	421.35	404.00	0.411 times
30 Thu Nov 2023	406.70	380.10	408.45	371.00	0.917 times
31 Tue Oct 2023	373.55	428.95	443.00	372.60	1.356 times
29 Fri Sep 2023	422.35	440.50	454.55	414.95	0.528 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 Sumichem (Sumichem)

Price action analysis of Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) based on a short to mid 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 Sumichem ( (Sumichem) ) 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 Sumichem stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumichem in short term and the buy signal is strong.

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

Sumichem Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term and BUY 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sumichem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 406.08 and Sumichem (Sumichem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.

Sumichem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.