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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 2024-09-06 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1168100

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	12.65	12.96	12.96	12.61	1.208 times
05 Thu Sep 2024	13.07	13.07	13.13	13.00	0.785 times
04 Wed Sep 2024	12.98	12.96	13.08	12.93	0.733 times
03 Tue Sep 2024	13.35	13.47	13.55	13.32	1.137 times
30 Fri Aug 2024	13.23	13.24	13.25	13.18	0.956 times
30 Fri Aug 2024	13.23	13.24	13.25	13.18	0.956 times
29 Thu Aug 2024	13.32	13.28	13.41	13.28	0.981 times
28 Wed Aug 2024	13.27	13.25	13.34	13.25	0.624 times
27 Tue Aug 2024	13.30	13.27	13.37	13.25	1.624 times
26 Mon Aug 2024	13.34	13.30	13.41	13.30	0.879 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.8, but if it comes above 12.8, then a intra day buy could be more profitable.
If you take a sell trade below 12.8, then use 12.8 as stoploss and 12.4 as target. However if you take a buy trade in stock , then use 12.8 as stoploss and 13.26 as target.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	11.33
Downside Target	12.18
Downside Target	12.48
Upside Target	13.12
Upside Target	13.43
Upside Target	13.55
Upside Target	13.69
Upside Target	13.88
Upside Target	14.31
Upside Target	14.53

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Intraday Target	12.32
Downside Intraday Target	12
Upside Intraday Target	13.26
Upside Intraday Target	13.88
Upside Intraday Target	12.94

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	12.65	13.47	13.55	12.61	4.042 times
30 Fri Aug 2024	13.23	13.24	13.25	13.18	0.189 times
30 Fri Aug 2024	13.23	13.30	13.41	13.18	0.94 times
23 Fri Aug 2024	13.79	13.76	13.88	13.43	0.531 times
16 Fri Aug 2024	13.68	12.29	13.69	12.18	0.883 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
06 Fri Sep 2024	12.65	13.47	13.55	12.61	0.107 times
30 Fri Aug 2024	13.23	14.17	14.31	10.74	2.189 times
31 Wed Jul 2024	14.48	13.43	14.53	13.40	1.185 times
28 Fri Jun 2024	13.41	13.36	13.42	12.48	0.974 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 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 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 Sumitomo Mitsui ( (SMFG) ) based on a short to mid 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 Sumitomo Mitsui ( (SMFG) ) based on a mid to longer 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.

ADX buy sell signal for Sumitomo Mitsui stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sumitomo Mitsui in short term and the sell signal is strong.

Sumitomo Mitsui Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Sumitomo Mitsui in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 13.17 and Sumitomo Mitsui (SMFG) 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 Sumitomo Mitsui (SMFG) stock. Volume based technical analysis of Sumitomo Mitsui (SMFG) stock is negative.

Sumitomo Mitsui Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.