Is Sumitomo Chemi. technically bullish or bearish?

Sep 22 2025 08:07 AM IST
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As of September 19, 2025, Sumitomo Chemi's technical trend has shifted to bullish, supported by strong indicators like a bullish MACD and moving averages, despite a mildly bearish KST signal on the monthly timeframe.
As of 19 September 2025, the technical trend for Sumitomo Chemi has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both weekly and monthly time frames, while Bollinger Bands also indicate a bullish trend in both time frames. Daily moving averages are bullish, reinforcing the positive outlook. Although the KST shows a mildly bearish signal on the monthly, the overall monthly Dow Theory remains bullish. The stock has shown strong performance recently, with a 1-week return of 11.11%, significantly outperforming the Sensex.
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