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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 2024-02-07 View latest technical analysis

10 day averaged volume of Sumichem is 22016

Date Daily Closing Price Open High Low Volume
07 Wed Feb 2024 390.00 399.00 399.70 388.50 0.606 times
06 Tue Feb 2024 396.35 399.85 402.20 394.00 0.489 times
05 Mon Feb 2024 396.55 402.00 405.25 395.10 1.34 times
02 Fri Feb 2024 400.20 399.00 401.05 394.00 0.716 times
01 Thu Feb 2024 402.65 414.95 414.95 400.00 2.133 times
31 Wed Jan 2024 415.85 396.85 417.45 394.65 1.544 times
30 Tue Jan 2024 394.70 398.05 401.05 393.20 0.743 times
29 Mon Jan 2024 396.50 393.25 399.45 393.25 0.762 times
25 Thu Jan 2024 394.50 398.15 400.45 393.25 0.237 times
24 Wed Jan 2024 397.50 392.90 400.05 391.05 1.515 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 387.9, for a target of 395 or 400.9

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 371.00
Downside Target 388.50
Upside Target 405.25
Upside Target 409.10
Upside Target 411.90
Upside Target 414.95
Upside Target 417.45
Upside Target 421.35
Upside Target 431.50
Upside Target 443.00

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 383.92
Downside Intraday Target 377.83
Upside Intraday Target 400.67
Upside Intraday Target 411.33
Upside Intraday Target 394.58

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
07 Wed Feb 2024 390.00 402.00 405.25 388.50 0.413 times
02 Fri Feb 2024 400.20 393.25 417.45 393.20 1.966 times
25 Thu Jan 2024 394.50 406.90 409.10 391.05 0.396 times
19 Fri Jan 2024 402.65 410.35 411.90 394.25 0.8 times
12 Fri Jan 2024 408.35 422.05 431.50 406.00 0.937 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
07 Wed Feb 2024 390.00 414.95 414.95 388.50 0.159 times
31 Wed Jan 2024 415.85 411.45 431.50 391.05 1.495 times
29 Fri Dec 2023 404.25 412.00 421.35 392.05 1.353 times
30 Thu Nov 2023 406.70 380.10 408.45 371.00 0.917 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)

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

ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Weak 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 coming down

CCI has generated a SELL signal for Sumichem in short term and SELL 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

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 400.6 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.

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

ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Weak 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 coming down

CCI has generated a SELL signal for Sumichem in short term and SELL 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

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 400.6 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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