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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 35234

Date Daily Closing Price Open High Low Volume
07 Wed Dec 2022 479.75 478.95 485.50 475.15 0.789 times
06 Tue Dec 2022 475.00 492.35 492.35 473.45 1.152 times
05 Mon Dec 2022 492.35 471.20 494.00 471.20 2.161 times
02 Fri Dec 2022 471.10 468.25 473.00 465.65 0.723 times
01 Thu Dec 2022 467.70 475.90 479.70 465.35 1.148 times
30 Wed Nov 2022 473.45 473.95 478.00 465.50 0.698 times
29 Tue Nov 2022 467.55 467.00 475.75 465.30 0.434 times
28 Mon Nov 2022 472.00 464.80 481.45 464.80 0.727 times
25 Fri Nov 2022 470.20 470.15 475.40 466.50 0.968 times
24 Thu Nov 2022 473.65 452.00 474.80 452.00 1.081 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 476.9, but if it comes below 476.9, then a intra day sell could be more profitable.
If you take a sell trade below 476.9, then use 476.9 as stoploss and 465.7 as target. However if you take a buy trade in stock , then use 476.9 as stoploss and 490.2 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 441.70
Downside Target 464.80
Downside Target 475.70
Upside Target 481.45
Upside Target 491.00
Upside Target 494.00
Upside Target 502.80
Upside Target 504.20
Upside Target 539.00
Upside Target 540.65

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 469.3
Downside Intraday Target 458.85
Upside Intraday Target 492.1
Upside Intraday Target 504.45
Upside Intraday Target 481.65

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
07 Wed Dec 2022 479.75 471.20 494.00 471.20 1.1 times
02 Fri Dec 2022 471.10 464.80 481.45 464.80 0.614 times
25 Fri Nov 2022 470.20 450.35 475.40 444.00 1.377 times
18 Fri Nov 2022 454.90 466.55 472.15 449.95 0.975 times
11 Fri Nov 2022 468.75 480.35 491.00 455.05 0.759 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
07 Wed Dec 2022 479.75 475.90 494.00 465.35 0.294 times
30 Wed Nov 2022 473.45 491.20 504.20 444.00 0.623 times
31 Mon Oct 2022 491.55 502.55 540.65 473.75 0.87 times
30 Fri Sep 2022 502.90 495.00 539.00 475.70 1.756 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 24, 9, 46 Buy
MACD -5, -9Buy
Stochastics 73Buy
CCI 85Sell
RSI 50Buy
OBV -45915Sell
VWAP 477Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

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 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 but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

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 SELL signal for Sumichem in short term but SELL signal is weak.

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 476.77 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 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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