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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 27498

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Jun 2023	405.95	409.25	414.00	404.00	0.358 times
08 Thu Jun 2023	410.45	415.45	423.55	409.00	0.515 times
07 Wed Jun 2023	415.40	417.75	417.90	414.20	0.967 times
06 Tue Jun 2023	414.40	415.55	421.00	412.65	1.111 times
05 Mon Jun 2023	414.90	402.55	417.50	402.55	2.395 times
02 Fri Jun 2023	402.55	404.95	405.00	400.20	0.893 times
01 Thu Jun 2023	400.30	404.95	406.80	398.30	0.54 times
31 Wed May 2023	398.25	394.25	401.00	391.95	1.024 times
30 Tue May 2023	396.30	401.60	403.95	394.25	0.429 times
29 Mon May 2023	401.05	398.50	407.45	397.80	1.089 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 407.9 as stoploss in an intra day sell trade for a target of 399.07. However, stock will show a bullish move above 407.9.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	382.50
Upside Target	407.45
Upside Target	415.00
Upside Target	420.50
Upside Target	423.55
Upside Target	425.00
Upside Target	443.90
Upside Target	466.95
Upside Target	482.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	397.82
Downside Intraday Target	389.68
Upside Intraday Target	418.82
Upside Intraday Target	431.68
Upside Intraday Target	410.68

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Jun 2023	405.95	402.55	423.55	402.55	1.345 times
02 Fri Jun 2023	402.55	398.50	407.45	391.95	0.918 times
26 Fri May 2023	398.05	386.35	399.15	384.25	0.84 times
19 Fri May 2023	386.30	394.30	398.35	382.50	0.671 times
12 Fri May 2023	395.25	412.00	415.00	390.80	1.606 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
09 Fri Jun 2023	405.95	404.95	423.55	398.30	0.277 times
31 Wed May 2023	398.25	404.15	425.00	382.50	1.919 times
28 Fri Apr 2023	402.90	426.10	443.90	399.05	1.19 times
31 Fri Mar 2023	425.25	442.00	466.95	399.00	0.381 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)

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a BUY signal for Sumichem in short term but the buy 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. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 407.97 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 is giving positive 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.