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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 2024-08-20 View latest technical analysis

10 day averaged volume of Sumichem is 37209

Date Daily Closing Price Open High Low Volume
20 Tue Aug 2024 537.00 529.80 543.55 529.80 0.406 times
19 Mon Aug 2024 529.80 531.40 541.35 528.75 0.328 times
16 Fri Aug 2024 537.50 544.70 545.40 525.00 0.595 times
14 Wed Aug 2024 536.05 526.80 548.70 524.55 2.114 times
13 Tue Aug 2024 526.65 540.35 546.00 524.55 1.929 times
12 Mon Aug 2024 537.30 510.60 539.25 510.05 0.928 times
09 Fri Aug 2024 516.05 510.00 526.95 510.00 0.355 times
08 Thu Aug 2024 509.60 509.95 520.40 504.00 0.372 times
07 Wed Aug 2024 504.45 499.25 510.15 492.00 0.538 times
06 Tue Aug 2024 492.50 502.90 513.85 490.65 0.784 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 531.5, but if it comes below 531.5, then a intra day sell could be more profitable.
If you take a sell trade below 531.5, then use 531.5 as stoploss and 516.75 as target. However if you take a buy trade in stock , then use 531.5 as stoploss and 549.3 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 497.90
Downside Target 508.45
Downside Target 523.00
Downside Target 528.75
Upside Target 543.55
Upside Target 546.95
Upside Target 548.70

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 529.32
Downside Intraday Target 521.63
Upside Intraday Target 544.12
Upside Intraday Target 551.23
Downside Intraday Target 536.43

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
20 Tue Aug 2024 537.00 531.40 543.55 528.75 0.132 times
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

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
20 Tue Aug 2024 537.00 520.05 548.70 480.00 0.362 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 neutral. A longer time frame might give a better analysis.

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 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 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 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 525.77 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.

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 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 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 525.77 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.

Click here for Sumichem charts

Click here for further forecast and predictions for tomorrow

Daily charts

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