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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 2022-11-16 View latest technical analysis

10 day averaged volume of Sumichem is 37150

Date Daily Closing Price Open High Low Volume
16 Wed Nov 2022 468.80 451.00 469.95 449.95 0.69 times
15 Tue Nov 2022 450.70 455.30 461.40 450.00 1.664 times
14 Mon Nov 2022 456.70 466.55 472.15 455.20 0.764 times
11 Fri Nov 2022 468.75 460.15 474.50 459.65 1.192 times
10 Thu Nov 2022 462.00 457.05 464.20 455.05 1.472 times
09 Wed Nov 2022 466.85 475.05 480.00 458.75 1.13 times
07 Mon Nov 2022 481.75 480.35 491.00 480.20 0.495 times
04 Fri Nov 2022 486.40 487.85 495.50 483.90 0.684 times
03 Thu Nov 2022 490.05 490.00 497.35 488.45 0.554 times
02 Wed Nov 2022 492.65 500.00 501.55 490.00 1.063 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 467.6 as stoploss in an intra day buy trade for a target of 491.33. However, stock will show a bearish move below 467.6.

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 455.12
Downside Intraday Target 441.43
Upside Intraday Target 477.32
Upside Intraday Target 485.83
Downside Intraday Target 463.63

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
16 Wed Nov 2022 468.80 466.55 472.15 449.95 0.727 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 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
16 Wed Nov 2022 468.80 491.20 504.20 449.95 0.346 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 15, 28, 31 Sell
MACD -18, -12Sell
Stochastics 14Sell
CCI -53Buy
RSI 49Sell
OBV -332628Sell
VWAP 469Sell
ADL 0Sell
ROC -6Sell
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 losing momentum.

MACD generated a SELL signal for Sumichem in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sumichem Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term but BUY signal is weak.

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 469.21 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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