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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 2024-09-19 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1354899

Date Daily Closing Price Open High Low Volume
19 Thu Sep 2024 12.71 12.69 12.75 12.63 0.766 times
18 Wed Sep 2024 12.55 12.50 12.71 12.47 1.027 times
17 Tue Sep 2024 12.47 12.52 12.57 12.44 1.286 times
16 Mon Sep 2024 12.92 12.96 12.98 12.86 1.016 times
13 Fri Sep 2024 12.84 12.80 12.90 12.78 1.209 times
12 Thu Sep 2024 12.78 12.69 12.83 12.66 0.772 times
11 Wed Sep 2024 12.74 12.65 12.74 12.48 1.031 times
10 Tue Sep 2024 12.66 12.74 12.76 12.52 0.859 times
09 Mon Sep 2024 12.72 12.67 12.77 12.57 1.081 times
06 Fri Sep 2024 12.65 12.96 12.96 12.61 1.041 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 12.7 as stoploss in an intra day buy trade for a target of 13. However, stock will show a bearish move below 12.7.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type Value
Downside Target 10.74
Downside Target 11.33
Downside Target 12.44
Upside Target 12.90
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 12.44
Downside Intraday Target 12.17
Upside Intraday Target 12.98
Upside Intraday Target 13.25
Downside Intraday Target 12.71

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date Weekly Closing Price Open High Low Volume
19 Thu Sep 2024 12.71 12.96 12.98 12.44 0.827 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 down 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
19 Thu Sep 2024 12.71 13.47 13.55 12.44 0.399 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 12.7 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.

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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 12.7 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.

Daily charts

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Daily chart
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