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Takip Edin: @UscMarketsSMFG Stock Forecast & Sumitomo Mitsui Financial Chart Analysis
This article provides a detailed analysis of SMFG-Sumitomo Mitsui Financial stock including a forecast for SMFG shares. It features Sumitomo Mitsui Financial Group, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SMFG Historical Data Review
SMFG Current Price Performance Analysis
The Sumitomo Mitsui Financial - SMFG stock traded on the American stock market, on 06-05-2024, closed at 12.97$ with a %-2.33 decreased compared to the previous day.
In the last month, the price of SMFG changed by %11.71 increased in value, from 11.61 dollars on 05-06-2024 to 12.97 dollars, increased.
Last year, the price of SMFG was 8.33 dollars on 06-06-2023, and changed by %55.70 increased in value, to 12.97 dollars increased within a year.
The price of Sumitomo Mitsui Financial stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
SMFG with AI Stock Forecast & Price Target
On the SMFG chart Sumitomo Mitsui Financial price was recorded as 12.97 Dollars on 06/05/2024.
The artificial intelligence's forecast on SMFG stock is as follows.
The artificial intelligence's prediction error margin for SMFG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Sumitomo Mitsui Financial stock over the next 4 months is: 13.0 Dollars.
The commentary on SMFG stock Target Price: Highest: 13.894 Dollars is predicted.
The commentary on SMFG stock Target Price: Lowest: 12.078 Dollars is predicted.
Resistance Price where Sumitomo Mitsui Financial stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 13.016 |
| 10-18-2024 | 12.624 |
| 12-27-2024 | 13.552 |
| 02-25-2025 | 13.894 |
Support Price where Sumitomo Mitsui Financial stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 12.078 |
| 11-07-2024 | 12.379 |
| 01-21-2025 | 13.245 |
| 03-27-2025 | 13.468 |
The commentary on SMFG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Sumitomo Mitsui Financial stock by the end of 2024 is predicted to be 13.552 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SMFG stock, and the 2024 target price predictions for Sumitomo Mitsui Financial are detailed above.
The technical analysis and charts for the commentary on SMFG stock are below.
SMFG Support & Resistance and Trend Analysis
SMFG stock you have reviewed the technical analysis support resistance charts regarding.
SMFG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SMFG review, the Sumitomo Mitsui Financial support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Sumitomo Mitsui Financial Support and Resistance Prices:
| SMFG Support Level Price | SMFG Resistance Level Price |
|---|---|
| 9.03 | 10.06 |
| 9.16 | 10.18 |
| 9.32 | 10.47 |
| 9.69 | 10.69 |
| 10.10 | 11.79 |
| 11.05 | 11.94 |
| 11.47 | 12.46 |
SMFG Technical Analysis: SMA, RSI, MACD
Upon reviewing the SMFG chart, buy and sell signals have been generated in the Sumitomo Mitsui Financial technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SMFG stock are as follows:- The technical analysis for SMFG indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Sumitomo Mitsui Financial issued a 'Buy' signal when the MACD was at -0.035, with the current MACD value being: 0.406
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Sumitomo Mitsui Financial stock: Click here to read more predictions on Thomson Reuters Corporation stock.
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