Overall Technical outlook

Price Summary

The stock of SUMICHEM increased 4.4% today, reflecting a robust market performance.
On 2026-03-02, SUMICHEM's stock started at 381.05, reached a high of 400.0, fell to 380.6, and ended 4.4% up at 397.8, with 211833 shares traded.
In the last 52 weeks, the stock's top price was 652.25 and the bottom price was 397.8.
Analysts expect the price of SUMICHEM to vary between 530.0 and 659.0, with an average expected price near 578.2857.

Technicals


Aroon: The continuation of Aroon's bearish trend, with Aroon Down at the 100 level, indicates sustained bearish pressure. However, this trend should be analyzed further alongside other indicators to better understand its long-term implications.
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Aroon chart for Sumitomo Chemical India Limited


Bol. Bands: The current price for SUMICHEM has recently crossed above the lower Bollinger Band after previously trading below it. This movement suggests a potential shift in market sentiment, as the price has rebounded from an oversold condition. The upward crossover could indicate the beginning of a bullish trend or at least a temporary recovery, signaling that the downward momentum may be easing.
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Bolinger Bands chart for Sumitomo Chemical India Limited


Parabolic SAR: The PSAR maintains a bearish stance, establishing a resistance level that could act as a barrier to any upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, keeping prices in check.
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Parabolic Stop and Reverse chart for Sumitomo Chemical India Limited


Stochastic: The stochastic indicator shows the K-line rising above the D-line while staying below 20, often considered the start of a bullish move. This setup suggests that the market may be in the early stages of a recovery, potentially leading to an uptrend for SUMICHEM. Traders could view this as an indication of potential gains.
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Stochastic chart for Sumitomo Chemical India Limited


Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the potential for a reversal is hinted at by the slopes of the shorter-term averages. These faster-moving averages show signs of weakening momentum, indicating that while the overall trend is still upward, a reversal could be approaching.
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Tripple SMA chart for Sumitomo Chemical India Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.