SUMITOMO MITSUI-SPONS ADR (SMFG) Stock Technical Analysis
USA - NYSE:SMFG - US86562M2098 - ADR
16.96 USD
-0.15 (-0.88%)
17.13 USD
+0.17 (+1%)
We assign a technical rating of 10 out of 10 to SMFG. Both in the recent history as in the last year, SMFG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SMFG did better than 83% of all other stocks. On top of that, SMFG also shows a nice and consistent pattern of rising prices.
SMFG is part of the Banks industry. There are 392 other stocks in this industry. SMFG outperforms 88% of them.
SMFG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SMFG has a been trading in the 16.01 - 17.21 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SMFG has an average volume of 2074080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMFG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMFG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.08
17.30
When analyzing the support we can see 6 important areas.
- A support zone ranging from 16.65 to 16.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.95 to 16.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.89 from a horizontal line in the daily time frame.
- A support zone ranging from 14.53 to 14.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.47 from a trend line in the weekly time frame.
- Support @12.20 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.13 to 17.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SMFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMFG is up. |
| ChartMill Relative Strength | 83.67 | POSITIVE | SMFG has a high relative strength, it outperformed 83.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.39 | NEUTRAL | The RSI value for SMFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SMFG has a positive trend. |
| Stochastics (14,3) | 87.18 | OVERBOUGHT | The high Stochastics value suggests SMFG may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for SMFG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.88 | NEGATIVE | The low ADX value for SMFG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.14 | 16.64 | 0.50 (2.92%) | 25.00% |
| An entry @17.14. This is a Buy Stop order right above the resistance zone. | An exit @16.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 2.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.96
-0.15 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.88%
1 Week2.17%
2 Weeks2.29%
1 Month1.56%
3 Month11.58%
6 Month7.68%
12 Month39.36%
2 Year72.18%
3 Year208.36%
5 Year203.4%
10 Year122.28%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.45%
ATR Inc2.38%
Range Today0.25
ADR(20)0.17
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.67
Mansfield0.29
10 Day High17.21
10 Day Low16.48
20 Day High17.21
20 Day Low16.01
52 Week High17.46
52 Week Low11.83
CS1 End16.82
CR1 Start17.13
Volume & EV
DER(3)3.74%
DER(5)1.61%
Volume1.28M
Volume Incr-4.61%
Vol(5)1.91M
Vol(50)2.07M