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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 2024-10-16 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1553710

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	12.96	12.97	12.99	12.90	0.622 times
15 Tue Oct 2024	12.83	13.00	13.09	12.80	2.437 times
14 Mon Oct 2024	13.15	13.11	13.21	13.11	0.955 times
11 Fri Oct 2024	13.11	12.76	13.19	12.76	1.168 times
10 Thu Oct 2024	12.65	12.55	12.68	12.52	0.798 times
09 Wed Oct 2024	12.47	12.41	12.54	12.39	0.626 times
08 Tue Oct 2024	12.62	12.64	12.67	12.56	0.693 times
07 Mon Oct 2024	12.98	12.90	13.07	12.88	0.92 times
04 Fri Oct 2024	12.89	12.67	12.89	12.67	0.748 times
03 Thu Oct 2024	12.41	12.35	12.42	12.31	0.695 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 13 as stoploss in an intra day sell trade for a target of 12.73. However, stock will show a bullish move above 13.

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	10.74
Downside Target	12.15
Downside Target	12.80
Upside Target	13.19
Upside Target	13.21
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	12.77
Downside Intraday Target	12.58
Upside Intraday Target	13.18
Upside Intraday Target	13.4
Upside Intraday Target	12.99

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	12.96	13.11	13.21	12.80	0.955 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
20 Fri Sep 2024	12.87	12.96	12.98	12.44	1.036 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
16 Wed Oct 2024	12.96	12.80	13.21	12.31	0.665 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 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 tired and bears are picking up momentum.

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 12.84 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.