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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 2022-11-07 View latest technical analysis

10 day averaged volume of Sumichem is 55475

Date Daily Closing Price Open High Low Volume
07 Mon Nov 2022 481.75 480.35 491.00 480.20 0.331 times
04 Fri Nov 2022 486.40 487.85 495.50 483.90 0.458 times
03 Thu Nov 2022 490.05 490.00 497.35 488.45 0.371 times
02 Wed Nov 2022 492.65 500.00 501.55 490.00 0.712 times
01 Tue Nov 2022 497.90 491.20 504.20 491.15 0.658 times
31 Mon Oct 2022 491.55 482.85 497.55 475.20 1.583 times
28 Fri Oct 2022 480.35 501.00 506.65 478.00 1.899 times
27 Thu Oct 2022 506.35 526.50 540.65 473.75 2.884 times
25 Tue Oct 2022 530.00 522.60 532.90 522.60 0.979 times
24 Mon Oct 2022 526.10 522.70 530.05 522.70 0.071 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 490.2, but if it comes above 490.2, then a intra day buy could be more profitable.
If you take a sell trade below 490.2, then use 490.2 as stoploss and 473.2 as target. However if you take a buy trade in stock , then use 490.2 as stoploss and 504.29 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 421.05
Downside Target 441.70
Downside Target 473.75
Upside Target 491.00
Upside Target 504.20
Upside Target 511.85
Upside Target 517.65
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 477.63
Downside Intraday Target 473.52
Upside Intraday Target 488.43
Upside Intraday Target 495.12
Upside Intraday Target 484.32

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
07 Mon Nov 2022 481.75 480.35 491.00 480.20 0.088 times
04 Fri Nov 2022 486.40 482.85 504.20 475.20 0.648 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

Price has moved down 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
07 Mon Nov 2022 481.75 491.20 504.20 480.20 0.122 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 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 9, 25, 46 Sell
MACD -4, 1Sell
Stochastics 18Sell
CCI -81Sell
RSI 47Sell
OBV -365219Sell
VWAP 498Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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

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 but selling 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 497.61 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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