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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)

Showing technical analysis as on 2021-11-24 View latest technical analysis

10 day averaged volume of Sumichem is 25957

Date Daily Closing Price Open High Low Volume
24 Wed Nov 2021 369.20 376.40 376.50 367.70 0.576 times
23 Tue Nov 2021 368.90 377.00 377.00 365.95 0.641 times
22 Mon Nov 2021 368.15 388.90 388.90 365.20 0.973 times
18 Thu Nov 2021 377.65 393.70 393.70 375.90 0.792 times
17 Wed Nov 2021 387.35 385.00 396.55 382.45 1.445 times
16 Tue Nov 2021 384.20 365.20 386.00 365.10 1.671 times
15 Mon Nov 2021 369.50 384.95 384.95 368.30 0.874 times
12 Fri Nov 2021 380.75 383.00 385.05 379.20 0.883 times
11 Thu Nov 2021 382.80 388.00 388.05 381.00 1.025 times
10 Wed Nov 2021 387.65 386.15 394.50 386.00 1.026 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 372.7, but if it comes above 372.7, then a intra day buy could be more profitable.
If you take a sell trade below 372.7, then use 372.7 as stoploss and 362.5 as target. However if you take a buy trade in stock , then use 372.7 as stoploss and 381.32 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 364.45
Upside Target 395.00
Upside Target 396.55
Upside Target 399.00
Upside Target 402.95
Upside Target 430.90
Upside Target 434.30
Upside Target 458.00
Upside Target 459.90

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 359.97
Downside Intraday Target 350.73
Upside Intraday Target 383.67
Upside Intraday Target 398.13
Upside Intraday Target 374.43

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
24 Wed Nov 2021 369.20 388.90 388.90 365.20 0.458 times
18 Thu Nov 2021 377.65 384.95 396.55 365.10 0.879 times
12 Fri Nov 2021 380.75 395.00 395.00 379.20 0.913 times
04 Thu Nov 2021 389.95 375.00 399.00 364.45 0.679 times
29 Fri Oct 2021 376.55 389.20 402.95 372.00 1.142 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 Sumichem (Sumichem)

Date Monthly Closing Price Open High Low Volume
24 Wed Nov 2021 369.20 375.00 399.00 364.45 0.504 times
29 Fri Oct 2021 376.55 405.95 430.90 372.00 1.012 times
30 Thu Sep 2021 402.40 423.00 434.30 392.55 0.702 times
31 Tue Aug 2021 425.65 431.95 459.90 386.55 0.842 times

Scroll below to view daily charts

Price has moved down 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 11, 26, 39 Sell
MACD -13, -12Sell
Stochastics 12Sell
CCI -96Buy
RSI 46Sell
OBV -145084Sell
VWAP 379Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumichem ( (Sumichem) ) 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 Sumichem ( (Sumichem) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is losing momentum.

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

Sumichem 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term but BUY signal is weak.

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

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 379.3 and Sumichem (Sumichem) 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 Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.

Sumichem 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.

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Daily charts

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Daily chart

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