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Takip Edin: @UscMarketsSMTOF Stock Forecast & Sumitomo Electric Industries Chart Analysis
This article provides a detailed analysis of SMTOF-Sumitomo Electric Industries stock including a forecast for SMTOF shares. It features Sumitomo Electric Industries, Ltd. 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
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SMTOF Historical Data Review
SMTOF Current Price Performance Analysis
The Sumitomo Electric Industries - SMTOF stock traded on the American stock market, on 06-05-2024, closed at 15.26$ with no change compared to the previous day.
Last month, the price of SMTOF was 15.26 dollars on 05-06-2024, and did not change a month later.
Last year, the price of SMTOF was 12.2 dollars on 06-06-2023, and changed by %25.08 increased in value, to 15.26 dollars increased within a year.
The price of Sumitomo Electric Industries 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.
SMTOF with AI Stock Forecast & Price Target
On the SMTOF chart Sumitomo Electric Industries price was recorded as 15.26 Dollars on 06/05/2024.
The artificial intelligence's forecast on SMTOF stock is as follows.
The artificial intelligence's prediction error margin for SMTOF stock is very 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 Electric Industries stock over the next 4 months is: 14.3 Dollars.
The commentary on SMTOF stock Target Price: Highest: 15.644 Dollars is predicted.
The commentary on SMTOF stock Target Price: Lowest: 13.428 Dollars is predicted.
Resistance Price where Sumitomo Electric Industries stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 15.644 |
| 08-14-2024 | 14.297 |
| 10-18-2024 | 14.787 |
| 01-06-2025 | 14.615 |
Support Price where Sumitomo Electric Industries stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 14.192 |
| 09-13-2024 | 13.981 |
| 12-17-2024 | 14.292 |
| 02-20-2025 | 13.470 |
| 04-01-2025 | 13.428 |
The commentary on SMTOF stock: The target price can generally be said to be on the decline.
The commentary on SMTOF stock: Fluctuations in the target price can be expected in the coming days.
The target price for Sumitomo Electric Industries stock by the end of 2024 is predicted to be 14.445 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SMTOF stock, and the 2024 target price predictions for Sumitomo Electric Industries are detailed above.
The technical analysis and charts for the commentary on SMTOF stock are below.
SMTOF Support & Resistance and Trend Analysis
SMTOF stock you have reviewed the technical analysis support resistance charts regarding.
SMTOF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SMTOF review, the Sumitomo Electric Industries 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 Electric Industries Support and Resistance Prices:
| SMTOF Support Level Price | SMTOF Resistance Level Price |
|---|---|
| 11.13 | None |
SMTOF Technical Analysis: SMA, RSI, MACD
Upon reviewing the SMTOF chart, buy and sell signals have been generated in the Sumitomo Electric Industries 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 SMTOF stock are as follows:- The technical analysis for Sumitomo Electric Industries indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
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 Electric Industries stock: Click here to read more predictions on Rakuten Group stock.
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