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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 2024-10-07 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1673570

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	12.98	12.90	13.07	12.88	0.854 times
04 Fri Oct 2024	12.89	12.67	12.89	12.67	0.695 times
03 Thu Oct 2024	12.41	12.35	12.42	12.31	0.646 times
02 Wed Oct 2024	12.54	12.63	12.63	12.49	0.891 times
01 Tue Oct 2024	12.70	12.80	12.83	12.66	1.513 times
30 Mon Sep 2024	12.63	12.56	12.67	12.49	1.881 times
27 Fri Sep 2024	12.17	12.34	12.47	12.15	1.492 times
26 Thu Sep 2024	12.90	12.70	12.95	12.68	0.931 times
25 Wed Sep 2024	12.43	12.43	12.48	12.37	0.732 times
24 Tue Sep 2024	12.77	12.77	12.80	12.72	0.734 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 12.9, but if it comes below 12.9, then a intra day sell could be more profitable.
If you take a sell trade below 12.9, then use 12.9 as stoploss and 12.69 as target. However if you take a buy trade in stock , then use 12.9 as stoploss and 13.1 as target.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	12.15
Downside Target	12.88
Downside Target	12.98
Upside Target	13.07
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	12.88
Downside Intraday Target	12.79
Upside Intraday Target	13.07
Upside Intraday Target	13.17
Downside Intraday Target	12.98

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	12.98	12.90	13.07	12.88	0.152 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
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

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
07 Mon Oct 2024	12.98	12.80	13.07	12.31	0.269 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 up 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sumitomo Mitsui in short term but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 12.62 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.