(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 2022-11-09 View latest technical analysis
10 day averaged volume of Sumichem is 55178
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Wed Nov 2022 | 466.85 | 475.05 | 480.00 | 458.75 | 0.761 times |
| 07 Mon Nov 2022 | 481.75 | 480.35 | 491.00 | 480.20 | 0.333 times |
| 04 Fri Nov 2022 | 486.40 | 487.85 | 495.50 | 483.90 | 0.46 times |
| 03 Thu Nov 2022 | 490.05 | 490.00 | 497.35 | 488.45 | 0.373 times |
| 02 Wed Nov 2022 | 492.65 | 500.00 | 501.55 | 490.00 | 0.716 times |
| 01 Tue Nov 2022 | 497.90 | 491.20 | 504.20 | 491.15 | 0.661 times |
| 31 Mon Oct 2022 | 491.55 | 482.85 | 497.55 | 475.20 | 1.591 times |
| 28 Fri Oct 2022 | 480.35 | 501.00 | 506.65 | 478.00 | 1.909 times |
| 27 Thu Oct 2022 | 506.35 | 526.50 | 540.65 | 473.75 | 2.9 times |
| 25 Tue Oct 2022 | 530.00 | 522.60 | 532.90 | 522.60 | 0.984 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 466.5, for a target of 485.8 or 501.92
Share price targets for Sumichem (Sumichem)
| Target Type | Value |
| Downside Target | 421.05 |
| Downside Target | 441.70 |
| Downside Target | 458.75 |
| Upside 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 | 453.4 |
| Downside Intraday Target | 439.95 |
| Upside Intraday Target | 485.65 |
| Upside Intraday Target | 504.45 |
| Upside Intraday Target | 472.2 |
Weekly technical analysis of Sumichem (Sumichem)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Wed Nov 2022 | 466.85 | 480.35 | 491.00 | 458.75 | 0.288 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 |
| 09 Wed Nov 2022 | 466.85 | 491.20 | 504.20 | 458.75 | 0.159 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 | 8, 34, 62 | Sell |
| MACD | -8, -1 | Sell |
| Stochastics | 14 | Sell |
| CCI | -159 | Sell |
| RSI | 44 | Sell |
| OBV | -463991 | Sell |
| VWAP | 495 | Sell |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 495.23 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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