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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 2024-09-30 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1427140

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	12.63	12.56	12.67	12.49	2.205 times
27 Fri Sep 2024	12.17	12.34	12.47	12.15	1.75 times
26 Thu Sep 2024	12.90	12.70	12.95	12.68	1.092 times
25 Wed Sep 2024	12.43	12.43	12.48	12.37	0.859 times
24 Tue Sep 2024	12.77	12.77	12.80	12.72	0.861 times
23 Mon Sep 2024	12.90	12.92	12.97	12.89	0.57 times
20 Fri Sep 2024	12.87	12.84	12.94	12.77	0.981 times
19 Thu Sep 2024	12.71	12.69	12.75	12.63	0.727 times
18 Wed Sep 2024	12.55	12.50	12.71	12.47	0.975 times
17 Tue Sep 2024	12.47	12.52	12.57	12.44	1.221 times

Stock of Sumitomo Mitsui (SMFG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 12.5 or till 12.2. Use a stoploss of 12.76 and if the stock hits stoploss, then it can shoot up till 13.01

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	11.33
Downside Target	12.15
Downside Target	12.44
Upside Target	12.98
Upside Target	13.12
Upside Target	13.40
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	12.52
Downside Intraday Target	12.42
Upside Intraday Target	12.7
Upside Intraday Target	12.78
Downside Intraday Target	12.6

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	12.63	12.56	12.67	12.49	0.43 times
27 Fri Sep 2024	12.17	12.92	12.97	12.15	1.054 times
20 Fri Sep 2024	12.87	12.96	12.98	12.44	1.036 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

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
30 Mon Sep 2024	12.63	13.47	13.55	12.15	0.682 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 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 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 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 12.6 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 negative.

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