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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)

10 day averaged volume of Sumichem is 14631

Date Daily Closing Price Open High Low Volume
29 Wed Mar 2023 419.55 405.05 421.95 402.75 1.355 times
28 Tue Mar 2023 410.05 413.80 413.80 401.60 0.469 times
27 Mon Mar 2023 403.20 416.20 423.05 399.00 2.027 times
24 Fri Mar 2023 422.90 428.15 433.60 420.75 0.966 times
23 Thu Mar 2023 428.85 436.35 436.35 425.80 0.782 times
22 Wed Mar 2023 430.95 427.30 436.80 427.30 0.657 times
21 Tue Mar 2023 431.20 433.05 436.40 428.80 2.227 times
20 Mon Mar 2023 435.25 437.50 438.40 433.75 0.749 times
17 Fri Mar 2023 437.50 450.00 458.70 432.45 1.096 times
16 Thu Mar 2023 450.40 433.00 453.00 427.00 0.686 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 422.4, but if it comes above 422.4, then a intra day buy could be more profitable.
If you take a sell trade below 422.4, then use 422.4 as stoploss and 405.5 as target. However if you take a buy trade in stock , then use 422.4 as stoploss and 436.54 as target.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 399.00
Upside Target 420.50
Upside Target 452.05
Upside Target 455.95
Upside Target 458.70
Upside Target 466.95
Upside Target 482.00
Upside Target 494.95
Upside Target 498.70
Upside Target 504.20

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 404.68
Downside Intraday Target 389.82
Upside Intraday Target 428.73
Upside Intraday Target 437.92
Downside Intraday Target 413.87

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
29 Wed Mar 2023 419.55 416.20 423.05 399.00 0.716 times
24 Fri Mar 2023 422.90 437.50 438.40 420.75 1.4 times
17 Fri Mar 2023 437.50 444.00 458.70 427.00 0.985 times
10 Fri Mar 2023 445.75 440.00 466.95 440.00 1.348 times
03 Fri Mar 2023 449.90 440.75 455.95 434.70 0.111 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
29 Wed Mar 2023 419.55 442.00 466.95 399.00 0.353 times
28 Tue Feb 2023 445.45 454.65 482.00 420.50 2.56 times
31 Tue Jan 2023 454.45 488.30 498.70 448.55 0.633 times
30 Fri Dec 2022 488.25 475.90 494.95 452.05 0.667 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)

Indicator Name Indicator Value Indicator Signal
ADX 15, 23, 20 Sell
MACD -18, -15Sell
Stochastics 20Sell
CCI -81Buy
RSI 53Buy
OBV -85189Sell
VWAP 425Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sumichem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sumichem in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sumichem in short term but BUY signal is weak.

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

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 424.9 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.

Click here for Sumichem charts

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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