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(SMFG) Sumitomo Mitsui complete technical analysis [charts+indicators] | Buy/Sell Sumitomo Mitsui | (SMFG) share price targets

Complete technical analysis of Sumitomo Mitsui (SMFG) by charts plus indicators, forecast predictions and share price targets for Sumitomo Mitsui (SMFG)

Sumitomo Mitsui trades in USA in Finance sector.

Showing technical analysis as on 2024-05-29 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 859873

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	12.64	12.68	12.71	12.62	0.663 times
28 Tue May 2024	12.81	12.78	12.88	12.78	1.04 times
24 Fri May 2024	12.56	12.50	12.56	12.49	0.54 times
23 Thu May 2024	12.42	12.52	12.54	12.39	0.842 times
22 Wed May 2024	12.51	12.60	12.60	12.48	0.837 times
21 Tue May 2024	12.65	12.64	12.67	12.61	1.062 times
20 Mon May 2024	12.64	12.64	12.71	12.61	0.931 times
17 Fri May 2024	12.53	12.45	12.57	12.41	1.354 times
16 Thu May 2024	12.02	12.10	12.13	12.01	1.206 times
15 Wed May 2024	12.27	12.27	12.35	12.23	1.516 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.5, but if it comes below 12.5, then a intra day sell could be more profitable.
If you take a sell trade below 12.5, then use 12.5 as stoploss and 12.03 as target. However if you take a buy trade in stock , then use 12.5 as stoploss and 13.1 as target.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	9.57
Downside Target	10.10
Downside Target	10.47
Downside Target	11.05
Downside Target	11.59
Downside Target	12.39
Downside Target	12.46
Downside Target	12.57
Downside Target	12.62
Upside Target	12.71
Upside Target	12.88

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Intraday Target	12.55
Downside Intraday Target	12.45
Upside Intraday Target	12.81
Upside Intraday Target	12.97
Upside Intraday Target	12.71

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	12.64	12.78	12.88	12.62	0.404 times
24 Fri May 2024	12.56	12.64	12.71	12.39	0.706 times
17 Fri May 2024	12.53	11.73	12.57	11.63	1.69 times
10 Fri May 2024	11.60	11.61	11.63	11.34	0.884 times
03 Fri May 2024	11.56	11.28	11.59	11.25	0.962 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 Sumitomo Mitsui (SMFG)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	12.64	11.39	12.88	11.33	0.669 times
30 Tue Apr 2024	11.32	11.44	11.79	11.05	0.835 times
28 Thu Mar 2024	11.77	11.21	12.46	11.18	0.752 times
29 Thu Feb 2024	11.14	10.42	11.23	10.10	1.122 times

Scroll below to view daily charts

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 Sumitomo Mitsui (SMFG)

Price action analysis of Sumitomo Mitsui ( (SMFG) ) 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 Sumitomo Mitsui ( (SMFG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumitomo Mitsui ( (SMFG) ) 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 Sumitomo Mitsui ( (SMFG) ) 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 Sumitomo Mitsui stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Mitsui in short term and the buy signal is strong.

Sumitomo Mitsui Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumitomo Mitsui in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Sumitomo Mitsui is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.48 and Sumitomo Mitsui (SMFG) 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 Sumitomo Mitsui (SMFG) stock. Volume based technical analysis of Sumitomo Mitsui (SMFG) stock is negative.

Sumitomo Mitsui 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.