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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 25870

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri May 2023	398.05	387.10	399.15	387.10	1.102 times
25 Thu May 2023	393.15	390.00	393.95	384.25	1.004 times
24 Wed May 2023	388.80	394.90	394.90	387.50	0.659 times
23 Tue May 2023	394.35	395.90	399.00	393.75	1.129 times
22 Mon May 2023	397.65	386.35	398.90	386.35	0.708 times
19 Fri May 2023	386.30	389.05	395.95	382.50	1.169 times
18 Thu May 2023	389.75	395.50	398.10	388.75	0.662 times
17 Wed May 2023	394.35	390.55	396.00	388.55	1.467 times
16 Tue May 2023	388.85	390.65	393.85	387.55	0.675 times
15 Mon May 2023	390.55	394.30	398.35	389.15	1.503 times

My analysis of stock is bearish for shortterm, and stock might move down till 389.3 or till 378.6. Use a stoploss of 398.3 and if the stock hits stoploss, then it can shoot up till 407.25

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	382.50
Upside Target	415.00
Upside Target	420.50
Upside Target	425.00
Upside Target	426.95
Upside Target	443.90
Upside Target	448.55
Upside Target	466.95
Upside Target	482.00
Upside Target	498.70

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	388.48
Downside Intraday Target	378.92
Upside Intraday Target	403.38
Upside Intraday Target	408.72
Downside Intraday Target	393.82

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
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
05 Fri May 2023	410.25	404.15	425.00	404.15	1.314 times
28 Fri Apr 2023	402.90	426.95	426.95	399.05	0.583 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
26 Fri May 2023	398.05	404.15	425.00	382.50	1.719 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
28 Tue Feb 2023	445.45	454.65	482.00	420.50	2.56 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 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 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 SELL. 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 stronger in this stock.

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 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 392.33 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.