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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 2024-08-20 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 2351248

Date Daily Closing Price Open High Low Volume
20 Tue Aug 2024 13.70 13.69 13.72 13.61 0.526 times
19 Mon Aug 2024 13.87 13.76 13.88 13.76 0.539 times
16 Fri Aug 2024 13.68 13.62 13.69 13.59 0.792 times
15 Thu Aug 2024 13.57 13.56 13.62 13.43 2.855 times
14 Wed Aug 2024 12.76 12.75 12.77 12.63 0.386 times
13 Tue Aug 2024 12.75 12.56 12.77 12.50 0.549 times
12 Mon Aug 2024 12.22 12.29 12.37 12.18 0.459 times
09 Fri Aug 2024 12.20 12.08 12.22 12.08 0.484 times
08 Thu Aug 2024 11.88 11.86 11.98 11.85 0.63 times
07 Wed Aug 2024 11.74 12.26 12.35 11.73 1.168 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 14 as stoploss in an intra day sell trade for a target of 13.1. However, stock will show a bullish move above 14.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type Value
Downside Target 10.74
Downside Target 11.05
Downside Target 11.33
Downside Target 11.79
Downside Target 12.18
Downside Target 13.12
Downside Target 13.40
Downside Target 13.69
Upside Target 13.88
Upside Target 14.31
Upside Target 14.35
Upside Target 14.53

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type Value
Downside Intraday Target 13.58
Downside Intraday Target 13.46
Upside Intraday Target 13.85
Upside Intraday Target 14
Upside Intraday Target 13.73

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date Weekly Closing Price Open High Low Volume
20 Tue Aug 2024 13.70 13.76 13.88 13.61 0.211 times
16 Fri Aug 2024 13.68 12.29 13.69 12.18 0.883 times
09 Fri Aug 2024 12.20 10.90 12.35 10.74 1.932 times
02 Fri Aug 2024 12.53 13.87 14.53 12.45 1.391 times
26 Fri Jul 2024 13.88 13.99 14.35 13.54 1.068 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
20 Tue Aug 2024 13.70 14.17 14.31 10.74 1.625 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
31 Fri May 2024 13.11 11.39 13.12 11.33 0.737 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Mitsui in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Sumitomo Mitsui in short term but SELL 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

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 12.98 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 rising upwards.

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 is giving positive 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.

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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Mitsui in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Sumitomo Mitsui in short term but SELL 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

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 12.98 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 rising upwards.

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 is giving positive 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.

Daily charts

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Daily chart
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