(SUMIT_BE) Sumit Woods complete technical analysis [charts+indicators] | Buy/Sell Sumit Woods | (SUMIT_BE) share price targets
Complete technical analysis of Sumit Woods (SUMIT_BE) by charts plus indicators, forecast predictions and share price targets for Sumit Woods (SUMIT_BE)
10 day averaged volume of Sumit Woods is 21448
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 74.40 | 73.25 | 75.00 | 71.40 | 1.362 times |
| 16 Thu May 2024 | 73.20 | 73.90 | 74.10 | 71.60 | 1.184 times |
| 15 Wed May 2024 | 74.60 | 73.90 | 75.00 | 73.00 | 1.362 times |
| 14 Tue May 2024 | 73.25 | 75.60 | 75.60 | 71.25 | 1.405 times |
| 13 Mon May 2024 | 73.15 | 74.05 | 74.10 | 71.40 | 0.32 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 74.3, but if it comes below 74.3, then a intra day sell could be more profitable.
If you take a sell trade below 74.3, then use 74.3 as stoploss and 72.68 as target. However if you take a buy trade in stock , then use 74.3 as stoploss and 76.3 as target.
Share price targets for Sumit Woods (SUMIT_BE)
| Target Type | Value |
| Downside Target | 49.90 |
| Downside Target | 51.05 |
| Downside Target | 57.55 |
| Downside Target | 65.85 |
| Downside Target | 68.20 |
| Downside Target | 73.00 |
| Downside Target | 73.75 |
| Upside Target | 75.00 |
| Upside Target | 75.60 |
| Upside Target | 78.00 |
| Upside Target | 78.90 |
Intraday share price targets for Sumit Woods (SUMIT_BE)
| Target Type | Value |
| Downside Intraday Target | 71.9 |
| Downside Intraday Target | 69.4 |
| Upside Intraday Target | 76.25 |
| Upside Intraday Target | 78.1 |
| Downside Intraday Target | 73.75 |
Weekly technical analysis of Sumit Woods (SUMIT_BE)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 74.40 | 74.05 | 75.60 | 71.25 | 1.29 times |
| 10 Fri May 2024 | 74.05 | 73.00 | 78.00 | 71.75 | 0.987 times |
| 03 Fri May 2024 | 72.65 | 72.30 | 73.00 | 69.20 | 0.843 times |
| 26 Fri Apr 2024 | 72.30 | 70.35 | 73.75 | 68.20 | 0.95 times |
| 19 Fri Apr 2024 | 70.15 | 68.65 | 75.00 | 68.65 | 1.239 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 Sumit Woods (SUMIT_BE)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 74.40 | 71.90 | 78.00 | 69.20 | 0.774 times |
| 30 Tue Apr 2024 | 70.30 | 76.15 | 78.90 | 68.20 | 1.252 times |
| 07 Thu Mar 2024 | 60.50 | 60.95 | 66.00 | 57.55 | 0.361 times |
| 29 Thu Feb 2024 | 59.90 | 52.90 | 70.45 | 51.05 | 0.519 times |
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 Sumit Woods (SUMIT_BE)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 14, 26 | Buy |
| MACD | 5, 5 | Sell |
| Stochastics | 50 | None |
| CCI | -33 | Buy |
| RSI | 52 | Buy |
| OBV | 169484 | Sell |
| VWAP | 74 | Buy |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sumit Woods ( (SUMIT_BE) ) based on a short term time period is
Price action analysis of Sumit Woods ( (SUMIT_BE) ) 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 Sumit Woods ( (SUMIT_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Sumit Woods stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Sumit Woods in short term but the sell signal is initial and weak.
Sumit Woods 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 buy signal for Sumit Woods in short term but BUY 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 Sumit Woods is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 74.15 and Sumit Woods (SUMIT_BE) 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 Sumit Woods (SUMIT_BE) stock. Volume based technical analysis of Sumit Woods (SUMIT_BE) stock is negative.
Sumit Woods 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.
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