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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 2022-11-02 View latest technical analysis

10 day averaged volume of Sumichem is 61782

Date Daily Closing Price Open High Low Volume
02 Wed Nov 2022 492.65 500.00 501.55 490.00 0.639 times
01 Tue Nov 2022 497.90 491.20 504.20 491.15 0.591 times
31 Mon Oct 2022 491.55 482.85 497.55 475.20 1.421 times
28 Fri Oct 2022 480.35 501.00 506.65 478.00 1.705 times
27 Thu Oct 2022 506.35 526.50 540.65 473.75 2.59 times
25 Tue Oct 2022 530.00 522.60 532.90 522.60 0.879 times
24 Mon Oct 2022 526.10 522.70 530.05 522.70 0.064 times
21 Fri Oct 2022 521.70 521.90 527.95 519.45 0.345 times
20 Thu Oct 2022 513.55 509.40 528.05 507.35 1.013 times
19 Wed Oct 2022 515.10 517.60 523.95 513.65 0.813 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 496, but if it comes above 496, then a intra day buy could be more profitable.
If you take a sell trade below 496, then use 496 as stoploss and 481.8 as target. However if you take a buy trade in stock , then use 496 as stoploss and 507.85 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 421.05
Downside Target 441.70
Downside Target 473.75
Downside Target 490.00
Upside Target 504.20
Upside Target 511.85
Upside Target 517.65
Upside Target 523.80
Upside Target 528.05
Upside Target 539.00
Upside Target 540.65

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 477.17
Downside Intraday Target 461.68
Upside Intraday Target 506.17
Upside Intraday Target 519.68
Downside Intraday Target 490.68

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
02 Wed Nov 2022 492.65 482.85 504.20 475.20 0.506 times
28 Fri Oct 2022 480.35 522.70 540.65 473.75 1.905 times
21 Fri Oct 2022 521.70 503.05 528.05 503.05 0.408 times
14 Fri Oct 2022 509.10 511.10 517.65 495.00 2.763 times
07 Fri Oct 2022 514.20 502.55 523.80 500.00 0.957 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
02 Wed Nov 2022 492.65 491.20 504.20 490.00 0.066 times
31 Mon Oct 2022 491.55 502.55 540.65 473.75 0.87 times
30 Fri Sep 2022 502.90 495.00 539.00 475.70 1.756 times
30 Tue Aug 2022 489.55 458.00 502.80 441.70 1.173 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 11, 24, 36 Sell
MACD 1, 6Sell
Stochastics 30None
CCI -69Sell
RSI 43Sell
OBV -225698Sell
VWAP 503Sell
ADL 0Sell
ROC -5Sell
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 Strong 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 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 green color and prices are in or below the green 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 but selling is losing 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 502.64 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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