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Takip Edin: @UscMarketsSMTOY Stock Forecast & Sumitomo Electric Industries Chart Analysis
This article provides a detailed analysis of SMTOY-Sumitomo Electric Industries stock including a forecast for SMTOY 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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SMTOY Historical Data Review
SMTOY Current Price Performance Analysis
The Sumitomo Electric Industries - SMTOY stock traded on the American stock market, on 06-05-2024, closed at 15.95$ with a %-2.45 decreased compared to the previous day.
In the last month, the price of SMTOY changed by %1.79 increased in value, from 15.67 dollars on 05-06-2024 to 15.95 dollars, increased.
Last year, the price of SMTOY was 12.17 dollars on 06-06-2023, and changed by %31.06 increased in value, to 15.95 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.
SMTOY with AI Stock Forecast & Price Target
On the SMTOY chart Sumitomo Electric Industries price was recorded as 15.95 Dollars on 06/05/2024.
The artificial intelligence's forecast on SMTOY stock is as follows.
The artificial intelligence's prediction error margin for SMTOY 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: 14.6 Dollars.
The commentary on SMTOY stock Target Price: Highest: 15.445 Dollars is predicted.
The commentary on SMTOY stock Target Price: Lowest: 13.696 Dollars is predicted.
Resistance Price where Sumitomo Electric Industries stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 14.441 |
| 10-08-2024 | 15.445 |
| 12-17-2024 | 15.094 |
Support Price where Sumitomo Electric Industries stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 14.216 |
| 09-03-2024 | 14.411 |
| 11-12-2024 | 14.789 |
| 03-17-2025 | 13.696 |
The commentary on SMTOY stock: The target price can generally be said to be on the decline.
The commentary on SMTOY 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 15.013 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SMTOY stock, and the 2024 target price predictions for Sumitomo Electric Industries are detailed above.
The technical analysis and charts for the commentary on SMTOY stock are below.
SMTOY Support & Resistance and Trend Analysis
SMTOY stock you have reviewed the technical analysis support resistance charts regarding.
SMTOY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SMTOY 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:
| SMTOY Support Level Price | SMTOY Resistance Level Price |
|---|---|
| 11.81 | 12.81 |
| 11.93 | 12.94 |
| 12.04 | 13.00 |
| 12.19 | 13.18 |
| 12.83 | 13.39 |
| 13.61 | 14.89 |
| 14.22 | 15.74 |
| 14.28 | 15.91 |
| 14.63 | 15.96 |
| 14.74 | 16.11 |
| 14.80 | 16.13 |
| 16.33 |
SMTOY Technical Analysis: SMA, RSI, MACD
Upon reviewing the SMTOY 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 SMTOY stock are as follows:- The technical analysis for SMTOY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Sumitomo Electric Industries issued a 'Buy' signal when the MACD was at 0.045, with the current MACD value being: 0.212
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.
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