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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 2022-05-17 View latest technical analysis

10 day averaged volume of Sumichem is 68136

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 448.55 425.00 451.20 421.80 0.672 times
16 Mon May 2022 423.15 413.90 425.75 410.90 0.345 times
13 Fri May 2022 415.00 419.90 425.90 411.70 0.243 times
12 Thu May 2022 411.85 405.00 419.35 402.35 0.588 times
11 Wed May 2022 412.10 419.00 422.95 395.65 1.174 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 0.789 times
06 Fri May 2022 439.85 437.70 446.10 426.00 0.532 times
05 Thu May 2022 437.95 455.00 464.75 434.90 1.961 times
04 Wed May 2022 451.10 443.00 476.70 442.00 3.807 times

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 450.9, for a target of 438 or 427.21

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
Downside Target 437.15
Downside Target 442.10
Upside Target 451.20
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 422.57
Downside Intraday Target 396.58
Upside Intraday Target 462.87
Upside Intraday Target 477.18
Downside Intraday Target 436.88

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 448.55 413.90 451.20 410.90 0.328 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
17 Tue May 2022 448.55 430.00 476.70 395.65 1.491 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 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 28, 17, 24 Buy
MACD 7, 7Sell
Stochastics 41None
CCI 57Buy
RSI 58Buy
OBV 90692Sell
VWAP 437Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 Strong and stock is gaining momentum.

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumichem is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 436.8 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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