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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 2022-11-15 View latest technical analysis

10 day averaged volume of Sumichem is 39748

Date Daily Closing Price Open High Low Volume
15 Tue Nov 2022 450.70 455.30 461.40 450.00 1.556 times
14 Mon Nov 2022 456.70 466.55 472.15 455.20 0.714 times
11 Fri Nov 2022 468.75 460.15 474.50 459.65 1.114 times
10 Thu Nov 2022 462.00 457.05 464.20 455.05 1.376 times
09 Wed Nov 2022 466.85 475.05 480.00 458.75 1.056 times
07 Mon Nov 2022 481.75 480.35 491.00 480.20 0.462 times
04 Fri Nov 2022 486.40 487.85 495.50 483.90 0.639 times
03 Thu Nov 2022 490.05 490.00 497.35 488.45 0.518 times
02 Wed Nov 2022 492.65 500.00 501.55 490.00 0.993 times
01 Tue Nov 2022 497.90 491.20 504.20 491.15 0.918 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 441.7, for a target of 469.9 or 493.34

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 421.05
Downside Target 441.70
Upside Target 472.15
Upside Target 491.00
Upside Target 502.80
Upside Target 504.20
Upside Target 511.85
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 443.08
Downside Intraday Target 435.47
Upside Intraday Target 465.23
Upside Intraday Target 479.77
Upside Intraday Target 457.62

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
15 Tue Nov 2022 450.70 466.55 472.15 450.00 0.566 times
11 Fri Nov 2022 468.75 480.35 491.00 455.05 0.759 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

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
15 Tue Nov 2022 450.70 491.20 504.20 450.00 0.323 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 11, 31, 49 Sell
MACD -18, -11Sell
Stochastics 10Sell
CCI -105Sell
RSI 44Sell
OBV -299308Sell
VWAP 472Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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 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 472.05 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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