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(SumeruInd) Sumeru Ind complete technical analysis [charts+indicators] | Buy/Sell Sumeru Ind | (SumeruInd) share price targets

Complete technical analysis of Sumeru Ind (SumeruInd) by charts plus indicators, forecast predictions and share price targets for Sumeru Ind (SumeruInd)

Showing technical analysis as on 2024-11-04 View latest technical analysis

10 day averaged volume of Sumeru Ind is 4276

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	2.30	2.30	2.32	2.30	1.537 times
31 Thu Oct 2024	2.34	2.34	2.34	2.34	1.322 times
30 Wed Oct 2024	2.30	2.33	2.33	2.30	0.299 times
29 Tue Oct 2024	2.33	2.37	2.37	2.33	0.033 times
28 Mon Oct 2024	2.37	2.37	2.37	2.35	0.658 times
25 Fri Oct 2024	2.37	2.37	2.37	2.37	0.124 times
24 Thu Oct 2024	2.41	2.42	2.42	2.41	0.013 times
23 Wed Oct 2024	2.45	2.46	2.46	2.45	4.628 times
22 Tue Oct 2024	2.50	2.50	2.50	2.50	0.199 times
21 Mon Oct 2024	2.55	2.60	2.60	2.55	0.411 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.2 or till 2. Use a stoploss of 2.4 and if the stock hits stoploss, then it can shoot up till 2.56

Share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Target	1.70
Downside Target	1.81
Downside Target	1.97
Downside Target	2.14
Downside Target	2.25
Downside Target	2.30
Upside Target	2.37
Upside Target	2.38
Upside Target	2.60
Upside Target	2.67
Upside Target	2.70

Intraday share price targets for Sumeru Ind (SumeruInd)

Target Type	Value
Downside Intraday Target	2.29
Downside Intraday Target	2.29
Upside Intraday Target	2.31
Upside Intraday Target	2.33
Upside Intraday Target	2.31

Weekly technical analysis of Sumeru Ind (SumeruInd)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	2.30	2.30	2.32	2.30	0.665 times
31 Thu Oct 2024	2.34	2.37	2.37	2.30	0.43 times
25 Fri Oct 2024	2.37	2.60	2.60	2.37	0.094 times
18 Fri Oct 2024	2.60	2.47	2.70	2.25	1.488 times
11 Fri Oct 2024	2.36	2.28	2.38	1.97	5.507 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 Sumeru Ind (SumeruInd)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	2.30	2.30	2.32	2.30	0.014 times
31 Thu Oct 2024	2.34	2.20	2.70	1.97	1.937 times
30 Mon Sep 2024	2.16	2.28	2.30	1.97	0.415 times
30 Fri Aug 2024	2.28	1.84	2.67	1.81	1.096 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 Sumeru Ind (SumeruInd)

Price action analysis of Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind ( (SumeruInd) ) 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 Sumeru Ind stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Sumeru Ind 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 coming down

CCI has generated a SELL signal for Sumeru Ind 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 positive zone. This is a BUY zone

Stock of Sumeru Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.4 and Sumeru Ind (SumeruInd) 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 Sumeru Ind (SumeruInd) stock. Volume based technical analysis of Sumeru Ind (SumeruInd) stock is negative.

Sumeru Ind 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.