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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 2022-05-11 View latest technical analysis

10 day averaged volume of Sumichem is 58769

Date Daily Closing Price Open High Low Volume
11 Wed May 2022 412.10 419.00 422.95 395.65 1.361 times
10 Tue May 2022 420.65 421.00 437.35 410.00 0.36 times
09 Mon May 2022 427.30 426.55 442.10 425.70 0.914 times
06 Fri May 2022 439.85 437.70 446.10 426.00 0.617 times
05 Thu May 2022 437.95 455.00 464.75 434.90 2.273 times
04 Wed May 2022 451.10 443.00 476.70 442.00 4.414 times
02 Mon May 2022 436.05 430.00 440.00 422.85 0.291 times
29 Fri Apr 2022 429.05 431.80 437.15 425.00 0.367 times
28 Thu Apr 2022 427.90 422.05 434.00 422.05 0.33 times
27 Wed Apr 2022 425.70 430.50 430.50 421.80 0.108 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 408.7, for a target of 419 or 427.56

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 341.20
Downside Target 355.00
Downside Target 365.75
Downside Target 395.65
Downside Target 405.20
Upside Target 416.15
Upside Target 435.00
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 391.13
Downside Intraday Target 370.17
Upside Intraday Target 437.58
Upside Intraday Target 463.07
Upside Intraday Target 416.62

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
11 Wed May 2022 412.10 426.55 442.10 395.65 0.347 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
11 Wed May 2022 412.10 430.00 476.70 395.65 1.233 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 18, 25, 16 Sell
MACD 8, 12Sell
Stochastics 15Sell
CCI -166Sell
RSI 49Sell
OBV 33506Sell
VWAP 438Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short 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.

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 to mid 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 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 SELL. Signal strength is Weak and stock is gaining 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

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 437.91 and Sumichem (Sumichem) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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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