SUMITOMO MITSUI FIN. GROUP INC UNSPONSO - Daily - Technical analysis published on 03/23/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.53 USD
My targets
8.28 USD (+7.81%)
9.60 USD (+25.00%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SUMITOMO MITSUI FIN. GROUP INC UNSPONSO as long as the price remains well above 7.53 USD. The buyers” bullish objective is set at 8.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.60 USD. If there is any crossing, the next objective would be the resistance located at 10.49 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by renierlemmens. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUMITOMO MITSUI FIN. GROUP INC UNSPONSO rating is 7.68 USD. The price is lower by -2.17% since the last closing with the lowest point at 7.63 USD and the highest point at 7.72 USD. The deviation from the price is +0.66% for the low point and -0.52% for the high point.7.63
7.72
7.68
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SUMITOMO MITSUI FIN. GROUP INC UNSPONSO indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.90 | 7.21 | 7.53 | 7.68 | 8.28 | 9.60 | 10.49 |
| Change (%) | -10.16% | -6.12% | -1.95% | - | +7.81% | +25.00% | +36.59% |
| Change | -0.78 | -0.47 | -0.15 | - | +0.60 | +1.92 | +2.81 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.68 | 7.73 | 7.79 | 7.84 | 7.90 | 7.95 | 8.01 |
| Camarilla | 7.82 | 7.83 | 7.84 | 7.85 | 7.86 | 7.87 | 7.88 |
| Woodie | 7.69 | 7.73 | 7.80 | 7.84 | 7.91 | 7.95 | 8.02 |
| Fibonacci | 7.73 | 7.77 | 7.80 | 7.84 | 7.88 | 7.91 | 7.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.95 | 7.17 | 7.52 | 7.74 | 8.09 | 8.31 | 8.66 |
| Camarilla | 7.72 | 7.78 | 7.83 | 7.88 | 7.93 | 7.99 | 8.04 |
| Woodie | 7.03 | 7.20 | 7.60 | 7.77 | 8.17 | 8.34 | 8.74 |
| Fibonacci | 7.17 | 7.38 | 7.52 | 7.74 | 7.95 | 8.09 | 8.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.43 | 5.85 | 6.43 | 6.85 | 7.43 | 7.85 | 8.43 |
| Camarilla | 6.75 | 6.84 | 6.93 | 7.02 | 7.11 | 7.20 | 7.30 |
| Woodie | 5.52 | 5.89 | 6.52 | 6.89 | 7.52 | 7.89 | 8.52 |
| Fibonacci | 5.85 | 6.23 | 6.47 | 6.85 | 7.23 | 7.47 | 7.85 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.85 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 17.82 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 7.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.62 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 7.41 | |
| Zig ZAG (10): | 7.64 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 82.97 | |
| TEMA (21): | 7.77 | |
| Williams %R (14): | -31.88 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | -0.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 14.60 |
| MA7: | 7.66 | |
| MA20: | 7.36 | |
| MA50: | 6.95 | |
| MA100: | 6.48 | |
| MAexp7: | 7.65 | |
| MAexp20: | 7.40 | |
| MAexp50: | 7.02 | |
| MAexp100: | 6.64 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +4.35% | |
| Price / MA50: | +10.50% | |
| Price / MA100: | +18.52% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +3.78% | |
| Price / MAexp50: | +9.40% | |
| Price / MAexp100: | +15.66% |
Quotes :
2021-03-23 15:13:44
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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