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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.

10 day averaged volume of Sumitomo Mitsui is 1248590

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	11.10	11.17	11.17	11.05	0.683 times
16 Tue Apr 2024	11.17	11.24	11.24	11.15	1.023 times
15 Mon Apr 2024	11.52	11.61	11.73	11.52	2.041 times
12 Fri Apr 2024	11.51	11.56	11.60	11.48	0.813 times
11 Thu Apr 2024	11.76	11.75	11.79	11.66	1.082 times
10 Wed Apr 2024	11.54	11.52	11.60	11.47	0.659 times
09 Tue Apr 2024	11.63	11.70	11.73	11.60	1.1 times
08 Mon Apr 2024	11.70	11.65	11.78	11.65	1.421 times
05 Fri Apr 2024	11.56	11.54	11.62	11.50	0.613 times
04 Thu Apr 2024	11.55	11.72	11.74	11.54	0.75 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 11.1, for a target of 11.4 or 11.6

Share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Target	9.16
Downside Target	9.57
Downside Target	10.10
Downside Target	10.47
Downside Target	11.05
Upside Target	11.73
Upside Target	11.74
Upside Target	11.79
Upside Target	11.89
Upside Target	11.94
Upside Target	12.46

Intraday share price targets for Sumitomo Mitsui (SMFG)

Target Type	Value
Downside Intraday Target	10.86
Downside Intraday Target	10.61
Upside Intraday Target	11.54
Upside Intraday Target	11.97
Upside Intraday Target	11.29

Weekly technical analysis of Sumitomo Mitsui (SMFG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Apr 2024	11.10	11.61	11.73	11.05	0.738 times
12 Fri Apr 2024	11.51	11.65	11.79	11.47	1.468 times
05 Fri Apr 2024	11.56	11.44	11.74	11.31	0.918 times
28 Thu Mar 2024	11.77	11.80	11.89	11.71	0.781 times
22 Fri Mar 2024	11.91	11.61	11.94	11.49	0.807 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 Wed Apr 2024	11.10	11.44	11.79	11.05	0.567 times
28 Thu Mar 2024	11.77	11.21	12.46	11.18	0.752 times
29 Thu Feb 2024	11.14	10.42	11.23	10.10	1.122 times
31 Wed Jan 2024	10.29	9.62	10.47	9.57	0.578 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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

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 green color and prices are in or below the green 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 11.52 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.