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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 2024-09-03 View latest technical analysis

10 day averaged volume of Sumichem is 33591

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	507.25	506.55	518.50	506.55	0.354 times
02 Mon Sep 2024	512.35	521.65	523.65	511.35	0.86 times
30 Fri Aug 2024	512.25	524.45	529.15	507.10	0.781 times
29 Thu Aug 2024	524.45	525.50	536.85	522.00	0.81 times
28 Wed Aug 2024	529.95	521.05	546.15	521.05	0.798 times
27 Tue Aug 2024	529.50	527.35	541.95	524.45	0.602 times
26 Mon Aug 2024	523.30	532.00	534.25	522.00	0.899 times
23 Fri Aug 2024	532.55	542.00	542.90	530.10	0.912 times
22 Thu Aug 2024	542.25	549.00	567.00	540.00	2.827 times
21 Wed Aug 2024	543.80	540.00	547.90	535.60	1.062 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 510.5, but if it comes above 510.5, then a intra day buy could be more profitable.
If you take a sell trade below 510.5, then use 510.5 as stoploss and 494 as target. However if you take a buy trade in stock , then use 510.5 as stoploss and 524.23 as target.

Share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Target	380.05
Downside Target	427.70
Downside Target	475.50
Downside Target	497.90
Upside Target	523.65
Upside Target	526.95
Upside Target	528.75
Upside Target	546.15
Upside Target	546.95
Upside Target	548.70
Upside Target	567.00

Intraday share price targets for Sumichem (Sumichem)

Target Type	Value
Downside Intraday Target	501.32
Downside Intraday Target	495.38
Upside Intraday Target	518.42
Upside Intraday Target	529.58
Upside Intraday Target	512.48

Weekly technical analysis of Sumichem (Sumichem)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	507.25	521.65	523.65	506.55	0.312 times
30 Fri Aug 2024	512.25	532.00	546.15	507.10	0.693 times
23 Fri Aug 2024	532.55	531.40	567.00	528.75	0.91 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

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
03 Tue Sep 2024	507.25	521.65	523.65	506.55	0.056 times
30 Fri Aug 2024	512.25	520.05	567.00	480.00	0.604 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

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 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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 and the buying is gaining 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 530.37 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.