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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)

10 day averaged volume of Sumichem is 14271

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Nov 2023	387.60	382.15	389.90	381.20	1.773 times
28 Tue Nov 2023	384.00	394.90	394.90	382.85	0.965 times
24 Fri Nov 2023	389.95	391.95	392.00	388.05	1.264 times
23 Thu Nov 2023	388.75	381.05	389.70	381.05	1.411 times
22 Wed Nov 2023	384.60	380.50	387.20	380.50	0.311 times
21 Tue Nov 2023	383.75	386.90	390.50	382.95	0.735 times
20 Mon Nov 2023	385.25	392.95	392.95	384.05	0.855 times
17 Fri Nov 2023	389.45	386.05	393.60	386.05	0.665 times
16 Thu Nov 2023	391.25	387.05	395.65	384.40	2.128 times
15 Wed Nov 2023	387.20	385.00	387.30	384.35	0.763 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 388.9 as stoploss in an intra day sell trade for a target of 383.5. However, stock will show a bullish move above 388.9.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	371.00
Upside Target	388.95
Upside Target	395.65
Upside Target	399.00
Upside Target	403.05
Upside Target	414.95
Upside Target	443.00
Upside Target	447.95
Upside Target	449.80
Upside Target	454.55

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	380.9
Downside Intraday Target	374.2
Upside Intraday Target	394.6
Upside Intraday Target	401.6
Upside Intraday Target	387.9

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Nov 2023	387.60	394.90	394.90	381.20	0.599 times
24 Fri Nov 2023	389.95	392.95	392.95	380.50	0.947 times
17 Fri Nov 2023	389.45	381.05	395.65	381.05	1.073 times
10 Fri Nov 2023	382.05	379.95	399.00	374.60	0.467 times
03 Fri Nov 2023	371.90	380.00	388.95	371.00	0.964 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
29 Wed Nov 2023	387.60	380.10	399.00	371.00	0.765 times
31 Tue Oct 2023	373.55	428.95	443.00	372.60	1.356 times
29 Fri Sep 2023	422.35	440.50	454.55	414.95	0.528 times
31 Thu Aug 2023	440.50	392.95	447.95	392.95	1.259 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 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 to mid 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Sumichem in short term but the buy signal is initial and weak.

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. Bears are getting stronger in this stock.

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

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 387.97 and Sumichem (Sumichem) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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