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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 34532

Date Daily Closing Price Open High Low Volume
05 Mon Dec 2022 492.35 471.20 494.00 471.20 2.205 times
02 Fri Dec 2022 471.10 468.25 473.00 465.65 0.738 times
01 Thu Dec 2022 467.70 475.90 479.70 465.35 1.171 times
30 Wed Nov 2022 473.45 473.95 478.00 465.50 0.712 times
29 Tue Nov 2022 467.55 467.00 475.75 465.30 0.442 times
28 Mon Nov 2022 472.00 464.80 481.45 464.80 0.742 times
25 Fri Nov 2022 470.20 470.15 475.40 466.50 0.988 times
24 Thu Nov 2022 473.65 452.00 474.80 452.00 1.103 times
23 Wed Nov 2022 452.00 464.75 465.00 450.15 0.926 times
22 Tue Nov 2022 450.95 449.95 458.10 448.30 1.462 times

Stock of Sumichem (Sumichem) has showed a significant upmove. This could be a good time to enter in this stock!

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 489.8, for a target of 476.5 or 465.4

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 441.70
Downside Target 464.80
Downside Target 475.70
Downside Target 481.45
Downside 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 477.7
Downside Intraday Target 463.05
Upside Intraday Target 500.5
Upside Intraday Target 508.65
Downside Intraday Target 485.85

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
05 Mon Dec 2022 492.35 471.20 494.00 471.20 0.58 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
05 Mon Dec 2022 492.35 475.90 494.00 465.35 0.198 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 30, 11, 46 Buy
MACD -7, -12Buy
Stochastics 77Buy
CCI 184Buy
RSI 55Buy
OBV -76918Sell
VWAP 471Buy
ADL 0Sell
ROC 10Buy
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 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 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 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 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

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 470.95 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.

Click here for Sumichem charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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