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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 2022-05-10 View latest technical analysis

10 day averaged volume of Sumichem is 60309

Date Daily Closing Price Open High Low Volume
10 Tue May 2022 420.65 421.00 437.35 410.00 0.351 times
09 Mon May 2022 427.30 426.55 442.10 425.70 0.891 times
06 Fri May 2022 439.85 437.70 446.10 426.00 0.601 times
05 Thu May 2022 437.95 455.00 464.75 434.90 2.215 times
04 Wed May 2022 451.10 443.00 476.70 442.00 4.301 times
02 Mon May 2022 436.05 430.00 440.00 422.85 0.283 times
29 Fri Apr 2022 429.05 431.80 437.15 425.00 0.358 times
28 Thu Apr 2022 427.90 422.05 434.00 422.05 0.321 times
27 Wed Apr 2022 425.70 430.50 430.50 421.80 0.105 times
26 Tue Apr 2022 430.55 428.00 435.50 426.00 0.317 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 420.4 as stoploss in an intra day buy trade for a target of 428.25. However, stock will show a bearish move below 420.4.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 341.20
Downside Target 355.00
Downside Target 365.75
Downside Target 405.20
Upside Target 435.00
Upside Target 437.15
Upside Target 438.00
Upside Target 442.10
Upside Target 452.80
Upside Target 456.00
Upside Target 476.70

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 406.4
Downside Intraday Target 392.15
Upside Intraday Target 438.5
Upside Intraday Target 456.35
Upside Intraday Target 424.25

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
10 Tue May 2022 420.65 426.55 442.10 410.00 0.168 times
06 Fri May 2022 439.85 430.00 476.70 422.85 4.334 times
29 Fri Apr 2022 429.05 421.85 437.15 421.80 0.917 times
22 Fri Apr 2022 427.30 433.90 438.00 405.20 2.016 times
13 Wed Apr 2022 429.10 429.90 435.00 416.15 0.398 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
10 Tue May 2022 420.65 430.00 476.70 410.00 1.069 times
29 Fri Apr 2022 429.05 451.00 456.00 405.20 0.801 times
31 Thu Mar 2022 449.55 380.00 452.80 355.00 0.953 times
28 Mon Feb 2022 377.00 391.15 424.50 341.20 0.975 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 21, 21, 1 Buy
MACD 11, 13Sell
Stochastics 20Sell
CCI -104Sell
RSI 50Sell
OBV 102034Sell
VWAP 441Sell
ADL 0Sell
ROC -1Sell
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sumichem stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumichem in short term but the sell signal is initial and weak.

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 coming down

CCI has generated a SELL signal for Sumichem in short term and SELL signal is strong!

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

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 441.19 and Sumichem (Sumichem) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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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