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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 2023-01-16 View latest technical analysis

10 day averaged volume of Sumichem is 16807

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	489.95	494.85	495.00	487.00	1.13 times
13 Fri Jan 2023	494.00	488.85	494.65	486.55	0.251 times
12 Thu Jan 2023	487.65	484.70	494.90	484.70	0.383 times
11 Wed Jan 2023	488.00	482.50	491.00	481.55	1.343 times
10 Tue Jan 2023	483.00	482.00	488.00	478.00	0.936 times
09 Mon Jan 2023	482.35	496.95	496.95	478.75	1.127 times
06 Fri Jan 2023	492.95	490.00	494.20	485.80	0.43 times
05 Thu Jan 2023	490.15	487.40	495.55	484.70	1.166 times
04 Wed Jan 2023	482.90	484.05	489.65	481.00	1.25 times
03 Tue Jan 2023	489.40	487.35	496.40	487.25	0.533 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 491.2 as stoploss in an intra day sell trade for a target of 481.49. However, stock will show a bullish move above 491.2.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	444.00
Downside Target	473.75
Upside Target	494.95
Upside Target	495.00
Upside Target	496.95
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	486.3
Downside Intraday Target	482.65
Upside Intraday Target	494.3
Upside Intraday Target	498.65
Upside Intraday Target	490.65

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	489.95	494.85	495.00	487.00	0.28 times
13 Fri Jan 2023	494.00	496.95	496.95	478.00	0.678 times
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

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
16 Mon Jan 2023	489.95	488.30	498.70	478.00	0.392 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 487.01 and Sumichem (Sumichem) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.