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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 2022-11-22 View latest technical analysis

10 day averaged volume of Sumichem is 37386

Date Daily Closing Price Open High Low Volume
22 Tue Nov 2022 450.95 449.95 458.10 448.30 1.35 times
21 Mon Nov 2022 446.10 450.35 453.45 444.00 1.585 times
18 Fri Nov 2022 454.90 460.40 462.95 452.00 0.431 times
17 Thu Nov 2022 460.40 468.85 470.45 457.80 0.624 times
16 Wed Nov 2022 468.80 451.00 469.95 449.95 0.685 times
15 Tue Nov 2022 450.70 455.30 461.40 450.00 1.654 times
14 Mon Nov 2022 456.70 466.55 472.15 455.20 0.759 times
11 Fri Nov 2022 468.75 460.15 474.50 459.65 1.185 times
10 Thu Nov 2022 462.00 457.05 464.20 455.05 1.463 times
09 Wed Nov 2022 466.85 475.05 480.00 458.75 1.123 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 454.8, but if it comes above 454.8, then a intra day buy could be more profitable.
If you take a sell trade below 454.8, then use 454.8 as stoploss and 426.4 as target. However if you take a buy trade in stock , then use 454.8 as stoploss and 478.46 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 443.93
Downside Intraday Target 436.92
Upside Intraday Target 458.03
Upside Intraday Target 465.12
Upside Intraday Target 451.02

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
22 Tue Nov 2022 450.95 450.35 458.10 444.00 0.707 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
22 Tue Nov 2022 450.95 491.20 504.20 444.00 0.476 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 14, 28, 33 Sell
MACD -22, -18Sell
Stochastics 12Sell
CCI -87Buy
RSI 48Sell
OBV -330511Sell
VWAP 458Sell
ADL 0Sell
ROC -6Sell
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 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.

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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 457.51 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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