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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 33445

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 478.40 484.90 489.90 476.35 1.449 times
16 Tue Aug 2022 479.85 468.70 482.35 468.70 0.777 times
12 Fri Aug 2022 471.85 470.00 483.30 451.20 0.782 times
11 Thu Aug 2022 472.45 478.05 481.25 470.90 0.849 times
10 Wed Aug 2022 477.00 489.60 495.00 474.15 1.34 times
08 Mon Aug 2022 480.50 473.25 485.00 472.55 1.85 times
05 Fri Aug 2022 473.25 446.80 477.90 446.80 1.24 times
04 Thu Aug 2022 467.55 472.10 477.25 451.75 0.73 times
03 Wed Aug 2022 472.00 459.60 474.50 454.85 0.8 times
02 Tue Aug 2022 452.15 445.95 454.65 442.35 0.918 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 477.4, but if it comes below 477.4, then a intra day sell could be more profitable.
If you take a sell trade below 477.4, then use 477.4 as stoploss and 465.02 as target. However if you take a buy trade in stock , then use 477.4 as stoploss and 492.3 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 395.65
Downside Target 405.20
Downside Target 421.05
Downside Target 441.65
Downside Target 451.20
Downside Target 468.70
Downside Target 477.90
Upside Target 489.90
Upside Target 491.80
Upside Target 495.00
Upside Target 499.10
Upside Target 511.85

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 468.1
Downside Intraday Target 457.8
Upside Intraday Target 489.3
Upside Intraday Target 500.2
Upside Intraday Target 479

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 478.40 468.70 489.90 468.70 0.462 times
12 Fri Aug 2022 471.85 473.25 495.00 451.20 1.095 times
05 Fri Aug 2022 473.25 458.00 477.90 441.70 1.656 times
30 Sat Jul 2022 451.60 455.90 474.65 441.65 0.831 times
22 Fri Jul 2022 456.95 488.00 499.10 454.80 0.414 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
17 Wed Aug 2022 478.40 458.00 495.00 441.70 0.597 times
30 Sat Jul 2022 451.60 423.00 511.85 421.05 0.875 times
30 Thu Jun 2022 423.80 473.00 491.80 406.55 0.708 times
31 Tue May 2022 463.05 430.00 476.70 395.65 2.12 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)

Indicator Name Indicator Value Indicator Signal
ADX 22, 19, 7 Buy
MACD 11, 9Buy
Stochastics 66None
CCI 89Buy
RSI 64Buy
OBV -102440Sell
VWAP 474Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Sumichem stock for short term is BUY. Signal strength is Weak 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 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 green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 473.69 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.

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Daily charts

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Daily chart

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