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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 2023-06-08 View latest technical analysis

10 day averaged volume of Sumichem is 28679

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Jun 2023	410.45	415.45	423.55	409.00	0.494 times
07 Wed Jun 2023	415.40	417.75	417.90	414.20	0.927 times
06 Tue Jun 2023	414.40	415.55	421.00	412.65	1.066 times
05 Mon Jun 2023	414.90	402.55	417.50	402.55	2.296 times
02 Fri Jun 2023	402.55	404.95	405.00	400.20	0.856 times
01 Thu Jun 2023	400.30	404.95	406.80	398.30	0.518 times
31 Wed May 2023	398.25	394.25	401.00	391.95	0.982 times
30 Tue May 2023	396.30	401.60	403.95	394.25	0.411 times
29 Mon May 2023	401.05	398.50	407.45	397.80	1.044 times
26 Fri May 2023	398.05	387.10	399.15	387.10	0.994 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 407.3, but if it comes below 407.3, then a intra day sell could be more profitable.
If you take a sell trade below 407.3, then use 407.3 as stoploss and 398.53 as target. However if you take a buy trade in stock , then use 407.3 as stoploss and 417.8 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	382.50
Downside Target	407.45
Upside Target	415.00
Upside Target	420.50
Upside Target	423.55
Upside Target	425.00
Upside Target	443.90
Upside Target	466.95
Upside Target	482.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	400.82
Downside Intraday Target	391.18
Upside Intraday Target	421.82
Upside Intraday Target	433.18
Upside Intraday Target	412.18

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Jun 2023	410.45	402.55	423.55	402.55	1.255 times
02 Fri Jun 2023	402.55	398.50	407.45	391.95	0.918 times
26 Fri May 2023	398.05	386.35	399.15	384.25	0.84 times
19 Fri May 2023	386.30	394.30	398.35	382.50	0.671 times
12 Fri May 2023	395.25	412.00	415.00	390.80	1.606 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
08 Thu Jun 2023	410.45	404.95	423.55	398.30	0.262 times
31 Wed May 2023	398.25	404.15	425.00	382.50	1.919 times
28 Fri Apr 2023	402.90	426.10	443.90	399.05	1.19 times
31 Fri Mar 2023	425.25	442.00	466.95	399.00	0.381 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 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 407.01 and Sumichem (Sumichem) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is 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.