SUMITOMO MITSUI-SPONS ADR (SMFG) Stock Technical Analysis
NYSE:SMFG - US86562M2098 - ADR
16.42 USD
-0.11 (-0.67%)
16.55 USD
+0.13 (+0.79%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SMFG did better than 75% of all other stocks. We also observe that the gains produced by SMFG over the past year are nicely spread over this period.
SMFG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SMFG is lagging the market slightly.
SMFG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SMFG has an average volume of 2114220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMFG is part of the Banks industry. There are 395 other stocks in this industry, SMFG did better than 68% of them.
SMFG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- 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 5 important areas.
- A support zone ranging from 15.38 to 15.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.89 to 14.91. This zone is formed by a combination of multiple trend lines 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 @13.29 from a trend line in the weekly time frame.
- Support @12.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important 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 | 75.68 | POSITIVE | SMFG has a high relative strength, it outperformed 75.68% 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) | 55.11 | NEUTRAL | The RSI value for SMFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SMFG has a negative trend. |
| Stochastics (14,3) | 38.21 | NEUTRAL | The Stochastics value for SMFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for SMFG suggests low volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for SMFG suggests a possible start of a new 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 |
|---|---|---|---|
| 16.67 | 16.32 | 0.35 (2.11%) | 25.00% |
| An entry @16.67. This is a Buy Stop order right above the 10 day moving average. | An exit @16.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of SMFG. Please evaluate whether better entry and exit points can be found.
- 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.
16.42
-0.11 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.67%
1 Week-2.26%
2 Weeks-4.14%
1 Month8.96%
3 Month6.55%
6 Month7.25%
12 Month24.11%
2 Year80.44%
3 Year171.41%
5 Year179.25%
10 Year100.24%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%1.73%
ATR Inc-49.44%
Range Today0.13
ADR(20)0.17
ADR(20)%1.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.68
Mansfield0.34
10 Day High17.04
10 Day Low16.33
20 Day High17.46
20 Day Low15.1
52 Week High17.46
52 Week Low11.83
CS1 End15.74
CR1 Start17.13
Volume & EV
DER(3)-0.51%
DER(5)0.32%
Volume1.61M
Volume Incr22.6%
Vol(5)2.50M
Vol(50)2.11M