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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 2024-09-16 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1233999

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	12.92	12.96	12.98	12.86	1.116 times
13 Fri Sep 2024	12.84	12.80	12.90	12.78	1.328 times
12 Thu Sep 2024	12.78	12.69	12.83	12.66	0.847 times
11 Wed Sep 2024	12.74	12.65	12.74	12.48	1.132 times
10 Tue Sep 2024	12.66	12.74	12.76	12.52	0.944 times
09 Mon Sep 2024	12.72	12.67	12.77	12.57	1.187 times
06 Fri Sep 2024	12.65	12.96	12.96	12.61	1.143 times
05 Thu Sep 2024	13.07	13.07	13.13	13.00	0.743 times
04 Wed Sep 2024	12.98	12.96	13.08	12.93	0.694 times
03 Tue Sep 2024	13.35	13.47	13.55	13.32	1.077 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.8 as stoploss in an intra day buy trade for a target of 13.15. However, stock will show a bearish move below 12.8.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	11.33
Downside Target	12.48
Upside Target	13.25
Upside Target	13.40
Upside Target	13.41
Upside Target	13.42
Upside Target	13.55
Upside Target	14.31
Upside Target	14.53

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Intraday Target	12.86
Downside Intraday Target	12.8
Upside Intraday Target	12.98
Upside Intraday Target	13.04
Downside Intraday Target	12.92

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	12.92	12.96	12.98	12.86	0.205 times
13 Fri Sep 2024	12.84	12.67	12.90	12.48	1.487 times
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

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
16 Mon Sep 2024	12.92	13.47	13.55	12.48	0.3 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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

Sumitomo Mitsui Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up 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 12.86 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 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 positive

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