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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 2024-06-11 View latest technical analysis

10 day averaged volume of Sumichem is 131267

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	488.15	500.00	502.90	485.50	0.241 times
10 Mon Jun 2024	487.05	485.00	505.00	480.90	0.818 times
07 Fri Jun 2024	481.20	480.00	487.70	474.40	0.221 times
06 Thu Jun 2024	479.35	496.15	500.00	476.65	0.245 times
05 Wed Jun 2024	488.45	450.10	497.00	443.50	1.174 times
04 Tue Jun 2024	456.40	465.05	465.55	427.70	0.388 times
03 Mon Jun 2024	462.45	483.40	483.40	452.05	0.619 times
31 Fri May 2024	463.55	470.00	479.55	460.35	0.715 times
30 Thu May 2024	477.00	485.30	487.75	473.30	0.815 times
29 Wed May 2024	488.35	448.95	497.90	448.95	1.367 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 481.3, but if it comes below 481.3, then a intra day sell could be more profitable.
If you take a sell trade below 481.3, then use 481.3 as stoploss and 448.61 as target. However if you take a buy trade in stock , then use 481.3 as stoploss and 520.5 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	336.40
Downside Target	350.80
Downside Target	370.00
Downside Target	380.05
Downside Target	387.90
Downside Target	400.20
Downside Target	411.95
Downside Target	427.70
Downside Target	445.90
Downside Target	480.90
Upside Target	497.90
Upside Target	500.00
Upside Target	505.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	477.7
Downside Intraday Target	467.25
Upside Intraday Target	501.8
Upside Intraday Target	515.45
Upside Intraday Target	491.35

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	488.15	485.00	505.00	480.90	0.4 times
07 Fri Jun 2024	481.20	483.40	500.00	427.70	0.375 times
31 Fri May 2024	463.55	444.25	497.90	435.00	4.41 times
24 Fri May 2024	440.30	404.00	445.90	400.20	2.031 times
18 Sat May 2024	405.45	380.45	411.95	380.05	1.609 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
11 Tue Jun 2024	488.15	483.40	505.00	427.70	0.363 times
31 Fri May 2024	463.55	402.75	497.90	380.05	2.31 times
30 Tue Apr 2024	400.70	353.00	414.50	350.80	0.987 times
28 Thu Mar 2024	347.40	379.00	387.90	336.40	1.418 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 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 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 positive zone. This is a BUY 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 479.23 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.