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Takip Edin: @UscMarketsSSUMF Stock Forecast & Sumitomo Corporation Chart Analysis
This article provides a detailed analysis of SSUMF-Sumitomo Corporation stock including a forecast for SSUMF shares. It features Sumitomo Corporation 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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SSUMF Historical Data Review
SSUMF Current Price Performance Analysis
The Sumitomo Corporation - SSUMF stock traded on the American stock market, on 06-05-2024, closed at 25.7$ with a %-0.93 decreased compared to the previous day.
In the last month, the price of SSUMF changed by %-9.22 decreased in value, from 28.31 dollars on 05-06-2024 to 25.7 dollars, decreased.
Last year, the price of SSUMF was 19.73 dollars on 06-06-2023, and changed by %30.26 increased in value, to 25.7 dollars increased within a year.
The price of Sumitomo Corporation 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.
SSUMF with AI Stock Forecast & Price Target
On the SSUMF chart Sumitomo Corporation price was recorded as 25.7 Dollars on 06/05/2024.
The artificial intelligence's forecast on SSUMF stock is as follows.
The artificial intelligence's prediction error margin for SSUMF stock is moderately 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 Corporation stock over the next 4 months is: 25.8 Dollars.
The commentary on SSUMF stock Target Price: Highest: 26.927 Dollars is predicted.
The commentary on SSUMF stock Target Price: Lowest: 24.544 Dollars is predicted.
Resistance Price where Sumitomo Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 26.927 |
| 10-03-2024 | 25.105 |
| 01-06-2025 | 26.526 |
| 01-21-2025 | 26.437 |
| 02-10-2025 | 26.503 |
Support Price where Sumitomo Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 24.544 |
| 10-23-2024 | 24.892 |
| 01-16-2025 | 26.434 |
| 01-31-2025 | 26.407 |
| 03-27-2025 | 24.814 |
The commentary on SSUMF stock: Fluctuations in the target price can be expected in the coming days.
The target price for Sumitomo Corporation stock by the end of 2024 is predicted to be 26.494 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SSUMF stock, and the 2024 target price predictions for Sumitomo Corporation are detailed above.
The technical analysis and charts for the commentary on SSUMF stock are below.
SSUMF Support & Resistance and Trend Analysis
SSUMF stock you have reviewed the technical analysis support resistance charts regarding.
SSUMF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SSUMF review, the Sumitomo Corporation 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 Corporation Support and Resistance Prices:
| SSUMF Support Level Price | SSUMF Resistance Level Price |
|---|---|
| 20.54 | 21.83 |
| 20.57 | 21.89 |
| 20.82 | 22.00 |
| 20.99 | 22.93 |
| 21.60 | 23.48 |
| 21.85 | 24.73 |
| 22.49 | 25.09 |
| 23.96 | 27.30 |
| 24.00 | 28.90 |
| 26.00 |
SSUMF Technical Analysis: SMA, RSI, MACD
Upon reviewing the SSUMF chart, buy and sell signals have been generated in the Sumitomo Corporation 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 SSUMF stock are as follows:- The technical analysis for Sumitomo Corporation 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 Corporation stock: Click here to read more predictions on ASM International NV stock.
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