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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 2024-10-17 View latest technical analysis

10 day averaged volume of Sumitomo Mitsui is 1501240

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	13.05	13.17	13.22	13.05	0.677 times
16 Wed Oct 2024	12.96	12.97	12.99	12.90	0.644 times
15 Tue Oct 2024	12.83	13.00	13.09	12.80	2.522 times
14 Mon Oct 2024	13.15	13.11	13.21	13.11	0.989 times
11 Fri Oct 2024	13.11	12.76	13.19	12.76	1.208 times
10 Thu Oct 2024	12.65	12.55	12.68	12.52	0.826 times
09 Wed Oct 2024	12.47	12.41	12.54	12.39	0.648 times
08 Tue Oct 2024	12.62	12.64	12.67	12.56	0.717 times
07 Mon Oct 2024	12.98	12.90	13.07	12.88	0.952 times
04 Fri Oct 2024	12.89	12.67	12.89	12.67	0.774 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13, but if it comes below 13, then a intra day sell could be more profitable.
If you take a sell trade below 13, then use 13 as stoploss and 12.75 as target. However if you take a buy trade in stock , then use 13 as stoploss and 13.3 as target.

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	13.22
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	12.83
Downside Intraday Target	12.6
Upside Intraday Target	13.25
Upside Intraday Target	13.44
Downside Intraday Target	13.02

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	13.05	13.11	13.22	12.80	1.11 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
17 Thu Oct 2024	13.05	12.80	13.22	12.31	0.7 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 12.88 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.