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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 2023-01-06 View latest technical analysis

10 day averaged volume of Sumichem is 19104

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Jan 2023	492.95	490.00	494.20	485.80	0.378 times
05 Thu Jan 2023	490.15	487.40	495.55	484.70	1.026 times
04 Wed Jan 2023	482.90	484.05	489.65	481.00	1.099 times
03 Tue Jan 2023	489.40	487.35	496.40	487.25	0.469 times
02 Mon Jan 2023	492.30	488.30	498.70	484.25	2.271 times
30 Fri Dec 2022	488.25	470.00	494.95	470.00	1.711 times
29 Thu Dec 2022	470.45	471.00	474.65	468.20	0.491 times
28 Wed Dec 2022	471.55	465.05	478.05	465.05	0.481 times
27 Tue Dec 2022	469.40	469.00	476.20	466.95	1.445 times
26 Mon Dec 2022	468.00	452.05	473.00	452.05	0.451 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 489.3, but if it comes below 489.3, then a intra day sell could be more profitable.
If you take a sell trade below 489.3, then use 489.3 as stoploss and 480.35 as target. However if you take a buy trade in stock , then use 489.3 as stoploss and 500.1 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	444.00
Downside Target	471.20
Downside Target	492.00
Upside Target	494.00
Upside Target	494.95
Upside Target	498.70
Upside Target	504.20
Upside Target	539.00
Upside Target	540.65

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	483.07
Downside Intraday Target	473.18
Upside Intraday Target	500.77
Upside Intraday Target	508.58
Downside Intraday Target	490.88

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Jan 2023	492.95	488.30	498.70	481.00	1.145 times
30 Fri Dec 2022	488.25	452.05	494.95	452.05	1.583 times
23 Fri Dec 2022	461.10	478.05	487.95	457.20	0.764 times
16 Fri Dec 2022	483.40	480.05	492.00	475.55	0.369 times
09 Fri Dec 2022	483.55	471.20	494.00	471.20	1.493 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
06 Fri Jan 2023	492.95	488.30	498.70	481.00	0.21 times
30 Fri Dec 2022	488.25	475.90	494.95	452.05	0.667 times
30 Wed Nov 2022	473.45	491.20	504.20	444.00	0.598 times
31 Mon Oct 2022	491.55	502.55	540.65	473.75	0.906 times

Scroll below to view daily charts

Price has moved up 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)

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumichem ( (Sumichem) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sumichem in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 483.61 and Sumichem (Sumichem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sumichem (Sumichem) stock. Volume based technical analysis of Sumichem (Sumichem) stock is negative.

Sumichem Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.