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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 32938

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 479.85 468.70 482.35 468.70 0.789 times
12 Fri Aug 2022 471.85 470.00 483.30 451.20 0.794 times
11 Thu Aug 2022 472.45 478.05 481.25 470.90 0.862 times
10 Wed Aug 2022 477.00 489.60 495.00 474.15 1.361 times
08 Mon Aug 2022 480.50 473.25 485.00 472.55 1.878 times
05 Fri Aug 2022 473.25 446.80 477.90 446.80 1.259 times
04 Thu Aug 2022 467.55 472.10 477.25 451.75 0.741 times
03 Wed Aug 2022 472.00 459.60 474.50 454.85 0.813 times
02 Tue Aug 2022 452.15 445.95 454.65 442.35 0.932 times
01 Mon Aug 2022 443.35 458.00 458.00 441.70 0.724 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 477.9, but if it comes below 477.9, then a intra day sell could be more profitable.
If you take a sell trade below 477.9, then use 477.9 as stoploss and 465.23 as target. However if you take a buy trade in stock , then use 477.9 as stoploss and 493.1 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 482.35
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 471.58
Downside Intraday Target 463.32
Upside Intraday Target 485.23
Upside Intraday Target 490.62
Downside Intraday Target 476.97

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 479.85 468.70 482.35 468.70 0.161 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
16 Tue Aug 2022 479.85 458.00 495.00 441.70 0.522 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 19, 21, 3 Sell
MACD 11, 9Buy
Stochastics 62None
CCI 71Buy
RSI 62Buy
OBV -78659Sell
VWAP 471Buy
ADL 0Sell
ROC 6Buy
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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Weak and stock is losing 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 470.84 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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