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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 29706

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 448.85 462.00 462.00 445.00 0.345 times
02 Thu Feb 2023 459.00 452.05 464.70 452.05 0.314 times
01 Wed Feb 2023 458.50 454.65 477.35 454.65 6.278 times
31 Tue Jan 2023 454.45 450.15 464.40 450.15 0.447 times
30 Mon Jan 2023 451.25 460.95 464.45 448.55 0.553 times
27 Fri Jan 2023 461.40 455.10 467.80 455.00 0.985 times
25 Wed Jan 2023 459.90 458.95 461.25 454.80 0.337 times
24 Tue Jan 2023 460.20 469.50 472.90 456.00 0.392 times
23 Mon Jan 2023 469.60 471.00 479.35 469.20 0.149 times
20 Fri Jan 2023 470.75 479.00 482.95 468.55 0.353 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 458.2, but if it comes above 458.2, then a intra day buy could be more profitable.
If you take a sell trade below 458.2, then use 458.2 as stoploss and 440.7 as target. However if you take a buy trade in stock , then use 458.2 as stoploss and 472.72 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 444.00
Upside Target 468.55
Upside Target 479.35
Upside Target 481.00
Upside Target 494.95
Upside Target 495.00
Upside Target 496.95
Upside Target 498.70
Upside Target 504.20
Upside Target 540.65

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 436.78
Downside Intraday Target 424.72
Upside Intraday Target 469.13
Upside Intraday Target 489.42
Upside Intraday Target 457.07

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 448.85 460.95 477.35 445.00 4.263 times
27 Fri Jan 2023 461.40 471.00 479.35 454.80 1.126 times
20 Fri Jan 2023 470.75 494.85 495.00 468.55 0.723 times
13 Fri Jan 2023 494.00 496.95 496.95 478.00 0.678 times
06 Fri Jan 2023 492.95 488.30 498.70 481.00 1.145 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumichem (Sumichem)

Date Monthly Closing Price Open High Low Volume
03 Fri Feb 2023 448.85 454.65 477.35 445.00 0.682 times
31 Tue Jan 2023 454.45 488.30 498.70 448.55 0.633 times
30 Fri Dec 2022 488.25 475.90 494.95 452.05 0.667 times
30 Wed Nov 2022 473.45 491.20 504.20 444.00 0.623 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 15, 23, 20 Sell
MACD -12, -9Sell
Stochastics 21Sell
CCI -116Sell
RSI 40Sell
OBV 191907Sell
VWAP 459Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 below 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 458.6 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.

Click here for Sumichem charts

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Daily charts

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Daily chart

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