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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 2024-07-10 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 646520

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	13.82	13.75	13.83	13.75	0.954 times
09 Tue Jul 2024	13.73	13.72	13.77	13.68	1.017 times
08 Mon Jul 2024	13.79	13.85	13.87	13.78	0.996 times
05 Fri Jul 2024	13.86	13.83	13.87	13.75	1.036 times
03 Wed Jul 2024	13.65	13.59	13.67	13.59	0.544 times
03 Wed Jul 2024	13.65	13.59	13.67	13.59	0.544 times
02 Tue Jul 2024	13.69	13.87	13.87	13.58	0.974 times
01 Mon Jul 2024	13.45	13.43	13.50	13.40	0.891 times
28 Fri Jun 2024	13.41	13.31	13.42	13.29	1.818 times
27 Thu Jun 2024	13.04	13.03	13.11	13.00	0.663 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.7, but if it comes below 13.7, then a intra day sell could be more profitable.
If you take a sell trade below 13.7, then use 13.7 as stoploss and 13.15 as target. However if you take a buy trade in stock , then use 13.7 as stoploss and 14.3 as target.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	11.05
Downside Target	11.79
Downside Target	12.46
Downside Target	13.12
Downside Target	13.40
Downside Target	13.42
Downside Target	13.59
Downside Target	13.68
Upside Target	13.87

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Intraday Target	13.71
Downside Intraday Target	13.6
Upside Intraday Target	13.9
Upside Intraday Target	13.98
Downside Intraday Target	13.79

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	13.82	13.85	13.87	13.68	1.878 times
05 Fri Jul 2024	13.86	13.59	13.87	13.59	0.656 times
03 Wed Jul 2024	13.65	13.43	13.87	13.40	0.374 times
28 Fri Jun 2024	13.41	12.71	13.42	12.60	1.962 times
21 Fri Jun 2024	12.53	12.63	12.66	12.50	1.664 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sumitomo Mitsui (SMFG)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	13.82	13.43	13.87	13.40	0.278 times
28 Fri Jun 2024	13.41	13.36	13.42	12.48	0.974 times
31 Fri May 2024	13.11	11.39	13.12	11.33	0.737 times
30 Tue Apr 2024	11.32	11.44	11.79	11.05	0.835 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 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 Sumitomo Mitsui ( (SMFG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a buy signal for Sumitomo Mitsui in short term and BUY signal is strong.

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 Sumitomo Mitsui is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.61 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.