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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 2024-08-16 View latest technical analysis

10 day averaged volume of Sumichem is 38605

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	537.50	544.70	545.40	525.00	0.574 times
14 Wed Aug 2024	536.05	526.80	548.70	524.55	2.038 times
13 Tue Aug 2024	526.65	540.35	546.00	524.55	1.859 times
12 Mon Aug 2024	537.30	510.60	539.25	510.05	0.894 times
09 Fri Aug 2024	516.05	510.00	526.95	510.00	0.342 times
08 Thu Aug 2024	509.60	509.95	520.40	504.00	0.358 times
07 Wed Aug 2024	504.45	499.25	510.15	492.00	0.518 times
06 Tue Aug 2024	492.50	502.90	513.85	490.65	0.755 times
05 Mon Aug 2024	493.05	480.00	512.50	480.00	1.984 times
02 Fri Aug 2024	510.95	509.00	517.10	508.45	0.26 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 528.3, but if it comes below 528.3, then a intra day sell could be more profitable.
If you take a sell trade below 528.3, then use 528.3 as stoploss and 514.16 as target. However if you take a buy trade in stock , then use 528.3 as stoploss and 545.3 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	350.80
Downside Target	380.05
Downside Target	414.50
Downside Target	427.70
Downside Target	475.50
Downside Target	508.45
Downside Target	510.05
Downside Target	523.00
Downside Target	526.95
Upside Target	546.95
Upside Target	548.70

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	515.47
Downside Intraday Target	493.43
Upside Intraday Target	554.12
Upside Intraday Target	570.73
Downside Intraday Target	532.08

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	537.50	510.60	548.70	510.05	1.356 times
09 Fri Aug 2024	516.05	480.00	526.95	480.00	0.407 times
02 Fri Aug 2024	510.95	536.95	546.95	508.45	2.445 times
26 Fri Jul 2024	504.70	498.95	523.00	486.95	0.953 times
19 Fri Jul 2024	498.00	506.05	509.75	493.55	0.646 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
16 Fri Aug 2024	537.50	520.05	548.70	480.00	0.339 times
31 Wed Jul 2024	519.20	475.50	546.95	475.50	0.973 times
28 Fri Jun 2024	479.70	483.40	510.00	427.70	0.924 times
31 Fri May 2024	463.55	402.75	497.90	380.05	2.31 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 losing 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 tired and bears are picking up momentum.

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

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 518 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.