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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 2022-05-16 View latest technical analysis

10 day averaged volume of Sumichem is 67941

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 423.15 413.90 425.75 410.90 0.346 times
13 Fri May 2022 415.00 419.90 425.90 411.70 0.244 times
12 Thu May 2022 411.85 405.00 419.35 402.35 0.589 times
11 Wed May 2022 412.10 419.00 422.95 395.65 1.178 times
10 Tue May 2022 420.65 421.00 437.35 410.00 0.311 times
09 Mon May 2022 427.30 426.55 442.10 425.70 0.791 times
06 Fri May 2022 439.85 437.70 446.10 426.00 0.534 times
05 Thu May 2022 437.95 455.00 464.75 434.90 1.966 times
04 Wed May 2022 451.10 443.00 476.70 442.00 3.818 times
02 Mon May 2022 436.05 430.00 440.00 422.85 0.252 times

My analysis of stock is bearish for shortterm, and stock might move down till 416.4 or till 404.9. Use a stoploss of 426 and if the stock hits stoploss, then it can shoot up till 435.58

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
Downside Target 421.80
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 414.12
Downside Intraday Target 405.08
Upside Intraday Target 428.97
Upside Intraday Target 434.78
Downside Intraday Target 419.93

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 423.15 413.90 425.75 410.90 0.111 times
13 Fri May 2022 415.00 426.55 442.10 395.65 0.474 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

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
16 Mon May 2022 423.15 430.00 476.70 395.65 1.397 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, 20, 7 Sell
MACD 4, 7Sell
Stochastics 26Sell
CCI -47Buy
RSI 51Buy
OBV 66607Sell
VWAP 436Sell
ADL 0Sell
ROC -1Sell
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 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 to mid 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 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 weakening, and bulls 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 buy signal for Sumichem in short term but BUY 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 436 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 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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