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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 2024-10-25 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1291230

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	12.29	12.38	12.41	12.28	0.46 times
24 Thu Oct 2024	12.34	12.34	12.36	12.28	0.497 times
23 Wed Oct 2024	12.28	12.24	12.35	12.19	0.661 times
22 Tue Oct 2024	12.65	12.56	12.69	12.56	0.91 times
21 Mon Oct 2024	12.77	12.90	12.90	12.74	0.446 times
18 Fri Oct 2024	13.15	13.10	13.17	13.07	0.464 times
17 Thu Oct 2024	13.05	13.17	13.22	13.05	0.787 times
16 Wed Oct 2024	12.96	12.97	12.99	12.90	0.749 times
15 Tue Oct 2024	12.83	13.00	13.09	12.80	2.932 times
14 Mon Oct 2024	13.15	13.11	13.21	13.11	1.149 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.4, but if it comes above 12.4, then a intra day buy could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 12.1 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 12.72 as target.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	12.15
Upside Target	12.80
Upside Target	13.19
Upside Target	13.22
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	12.02
Downside Intraday Target	11.75
Upside Intraday Target	12.73
Upside Intraday Target	13.17
Upside Intraday Target	12.46

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	12.29	12.90	12.90	12.19	0.489 times
18 Fri Oct 2024	13.15	13.11	13.22	12.80	1.202 times
11 Fri Oct 2024	13.11	12.90	13.19	12.39	0.694 times
04 Fri Oct 2024	12.89	12.56	12.89	12.31	1.285 times
27 Fri Sep 2024	12.17	12.92	12.97	12.15	1.054 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
25 Fri Oct 2024	12.29	12.80	13.22	12.19	0.855 times
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

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 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 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 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 SELL. Signal strength is Strong and stock is losing 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 red color and prices are below the red 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 12.8 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.