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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 33788

Date Daily Closing Price Open High Low Volume
09 Fri Dec 2022 483.55 487.50 488.00 480.45 0.708 times
08 Thu Dec 2022 485.80 485.00 488.00 479.00 0.822 times
07 Wed Dec 2022 479.75 478.95 485.50 475.15 0.823 times
06 Tue Dec 2022 475.00 492.35 492.35 473.45 1.201 times
05 Mon Dec 2022 492.35 471.20 494.00 471.20 2.254 times
02 Fri Dec 2022 471.10 468.25 473.00 465.65 0.754 times
01 Thu Dec 2022 467.70 475.90 479.70 465.35 1.197 times
30 Wed Nov 2022 473.45 473.95 478.00 465.50 0.728 times
29 Tue Nov 2022 467.55 467.00 475.75 465.30 0.452 times
28 Mon Nov 2022 472.00 464.80 481.45 464.80 0.758 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 480.1, but if it comes below 480.1, then a intra day sell could be more profitable.
If you take a sell trade below 480.1, then use 480.1 as stoploss and 467.63 as target. However if you take a buy trade in stock , then use 480.1 as stoploss and 495.1 as target.

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
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 471.83
Downside Intraday Target 460.12
Upside Intraday Target 494.63
Upside Intraday Target 505.72
Downside Intraday Target 482.92

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
09 Fri Dec 2022 483.55 471.20 494.00 471.20 1.493 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
09 Fri Dec 2022 483.55 475.90 494.00 465.35 0.366 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 23, 8, 49 Buy
MACD -2, -6Buy
Stochastics 67None
CCI 79Sell
RSI 51Buy
OBV 54610Sell
VWAP 479Buy
ADL 0Sell
ROC 3Buy
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 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 red color and prices are in or above the red cloud Prices appear to be coming down

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 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 479.07 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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