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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 2022-11-21 View latest technical analysis

10 day averaged volume of Sumichem is 34002

Date Daily Closing Price Open High Low Volume
21 Mon Nov 2022 446.10 450.35 453.45 444.00 1.742 times
18 Fri Nov 2022 454.90 460.40 462.95 452.00 0.474 times
17 Thu Nov 2022 460.40 468.85 470.45 457.80 0.686 times
16 Wed Nov 2022 468.80 451.00 469.95 449.95 0.754 times
15 Tue Nov 2022 450.70 455.30 461.40 450.00 1.818 times
14 Mon Nov 2022 456.70 466.55 472.15 455.20 0.834 times
11 Fri Nov 2022 468.75 460.15 474.50 459.65 1.303 times
10 Thu Nov 2022 462.00 457.05 464.20 455.05 1.608 times
09 Wed Nov 2022 466.85 475.05 480.00 458.75 1.234 times
07 Mon Nov 2022 481.75 480.35 491.00 480.20 0.54 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 457.5, but if it comes above 457.5, then a intra day buy could be more profitable.
If you take a sell trade below 457.5, then use 457.5 as stoploss and 428 as target. However if you take a buy trade in stock , then use 457.5 as stoploss and 482 as target.

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 539.00
Upside Target 540.65

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 442.25
Downside Intraday Target 438.4
Upside Intraday Target 451.7
Upside Intraday Target 457.3
Upside Intraday Target 447.85

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
21 Mon Nov 2022 446.10 450.35 453.45 444.00 0.382 times
18 Fri Nov 2022 454.90 466.55 472.15 449.95 0.975 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

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
21 Mon Nov 2022 446.10 491.20 504.20 444.00 0.432 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 12, 31, 44 Sell
MACD -21, -17Sell
Stochastics 12Sell
CCI -150Sell
RSI 49Sell
OBV -443579Sell
VWAP 460Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short 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.

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 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 and selling is picking up 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 459.58 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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