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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 12665

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 393.70 394.00 395.90 391.75 0.235 times
15 Wed May 2024 393.50 399.60 402.10 391.25 1.051 times
14 Tue May 2024 398.85 380.85 405.10 380.85 0.985 times
13 Mon May 2024 386.95 380.45 389.70 380.05 1.004 times
10 Fri May 2024 384.75 385.60 390.25 383.05 0.749 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 392 as stoploss in an intra day buy trade for a target of 398.2. However, stock will show a bearish move below 392.

Share price targets for Sumichem (Sumichem)

Target Type Value
Downside Target 336.40
Downside Target 350.80
Downside Target 370.00
Upside Target 405.10
Upside Target 405.50
Upside Target 406.20
Upside Target 410.85
Upside Target 413.00
Upside Target 414.50
Upside Target 414.95
Upside Target 431.50

Intraday share price targets for Sumichem (Sumichem)

Target Type Value
Downside Intraday Target 380.8
Downside Intraday Target 367.9
Upside Intraday Target 405.85
Upside Intraday Target 418
Downside Intraday Target 392.95

Weekly technical analysis of Sumichem (Sumichem)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 393.70 380.45 405.10 380.05 0.645 times
10 Fri May 2024 384.75 403.45 404.70 383.05 0.809 times
03 Fri May 2024 403.50 406.20 406.20 394.15 1.189 times
26 Fri Apr 2024 404.30 409.55 413.00 398.30 0.415 times
19 Fri Apr 2024 400.60 375.05 410.85 375.05 0.783 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 Thu May 2024 393.70 402.75 405.50 380.05 0.24 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
29 Thu Feb 2024 374.10 414.95 414.95 370.00 0.568 times

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 20, 15, 14 Buy
MACD 5, 7Sell
Stochastics 60None
CCI -4Sell
RSI 57Buy
OBV 29281Sell
VWAP 396Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Sumichem ( (Sumichem) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sumichem in short term but the sell signal is initial and weak.

Sumichem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

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 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 395.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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