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Sumitomo Corporation

8053.T Technical Analysis Summary (JPX)

Analyze 8053.T on the JPX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

8053.T●JPX
IndustrialsConglomerates
¥1611.50
¥17.50(1.07%)
Japanese Market opens in 13h 54m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

8053.T Technical Analysis Summary (JPX)

Sumitomo Corporation (JPX: 8053.T) stock currently shows a bearish trend on the JPX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bullish to Strongly Bullish (RSI: 15.52)
Trend Strength:Very Strong (ADX: 61.23)
Volatility:High (ATR: 161.87)
Support/Resistance:$1519.36 – $1626.47 (Bollinger Bands)

Technical conditions suggest Sumitomo Corporation on the JPX is awaiting a decisive move. Overall, Sumitomo Corporation faces bearish pressure as momentum shows signs of exhaustion.

Momentum Indicators

RSI (14): 15.52

Bullish
Oversold, buying opportunity potential.

Stochastic %K: 76.37

Bullish
Buying momentum building without extremes.

Williams %R: -28.79

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 1.84

Bullish
Steady upward momentum.

Takeaway:Sumitomo Corporation shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -890.52

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 61.23

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 161.87

Rising
Rising volatility, market activity increasing.

CCI (14): 78.58

Bullish
Bullish, momentum building upward.

Takeaway:Sumitomo Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1626.47
Middle Band (SMA 20)
$1572.91
Lower Band
$1519.36
Current Position
Within Bands

Takeaway:Sumitomo Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2571.51
Middle Line (EMA 20)
$2247.77
Lower Channel
$1924.03
Squeeze Status
Squeeze On

Takeaway:Sumitomo Corporation trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume10.62M
Money Flow Index56.66Neutral, balanced money flows with no clear signal.
Relative Vigor Index60.76Bullish, price momentum strongly favors buyers.

Overall Takeaway:8053.T shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Sumitomo Corporation (JPX: 8053.T), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Sumitomo Corporation shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(JPX: 8053.T) Technical Analysis FAQ