USA - NYSE:SMFG - US86562M2098 - ADR
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.
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.
12.08
When analyzing the support we can see 6 important areas.
We found 1 important resistance area.
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. |
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%. |
16.96
-0.15 (-0.88%)