SUMITOMO MITSUI-SPONS ADR (SMFG) Stock Technical Analysis
NYSE:SMFG - New York Stock Exchange, Inc. - US86562M2098 - ADR - Currency: USD
We assign a technical rating of 7 out of 10 to SMFG. In the last year, SMFG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SMFG is part of the Banks industry. There are 393 other stocks in this industry. SMFG outperforms 78% 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 14.40 - 16.37 range, which is quite wide. It is currently trading near the high of this range.
SMFG has an average volume of 1899000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SMFG did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SMFG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.08
16.39
We found 4 important support areas.
- A support zone ranging from 15.02 to 15.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.53 to 14.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.08 from a trend line in the weekly time frame.
- A support zone ranging from 12.20 to 12.28. 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 | NEUTRAL | NEUTRAL | The long term trend for SMFG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMFG is up. |
| ChartMill Relative Strength | 74.92 | POSITIVE | SMFG has a high relative strength, it outperformed 74.92% 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) | 70.9 | OVERBOUGHT | The high RSI value suggests SMFG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SMFG has a positive trend. |
| Stochastics (14,3) | 95.43 | OVERBOUGHT | The high Stochastics value suggests SMFG may be overbought. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for SMFG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.84 | 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)
16.23
-0.01 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.06%
1 Week11.7%
2 Weeks8.93%
1 Month6.57%
3 Month16.85%
6 Month11.24%
12 Month16.93%
2 Year74.14%
3 Year153.99%
5 Year203.36%
10 Year75.27%
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.53%
ATR Inc-4.73%
Range Today0.12
ADR(20)0.15
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.92
Mansfield0.41
10 Day High16.37
10 Day Low14.4
20 Day High16.37
20 Day Low14.4
52 Week High16.74
52 Week Low10.74
CS1 End15.16
CR1 StartN/A
Volume & EV
DER(3)0.77%
DER(5)-1.3%
Volume1.23M
Volume Incr-0.3%
Vol(5)2.09M
Vol(50)1.90M