Meyka AI API is live for developers.Start building.
Advertisement
Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. (SMTOY) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Sumitomo Electric Industries, Ltd..

SMTOY●PNK
Consumer CyclicalAuto - Parts
$71.08
$9.90(12.23%)
U.S. Market opens in 12h 9m
Advertisement

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

SMTOY Technical Analysis Summary

Sumitomo Electric Industries, Ltd. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 56.35)
Trend Strength:Moderate (ADX: 24.51)
Volatility:High (ATR: 4.58)
Support/Resistance:$64.76 – $88.41 (Bollinger Bands)

Technical conditions suggest Sumitomo Electric Industries, Ltd. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 56.35

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 65.77

Bullish
Buying momentum building without extremes.

Williams %R: -34.14

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 14.00

Strongly Bullish
Strong upside momentum.

Takeaway:Sumitomo Electric Industries, Ltd. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 3.90

Bullish
Bullish, trend momentum is strengthening.

ADX: 24.51

Moderate
Moderate trend, direction gaining strength.

ATR (14): 4.58

Medium
Medium volatility, healthy price movement.

CCI (14): 35.35

Bullish
Bullish, momentum building upward.

Takeaway:Sumitomo Electric Industries, Ltd. shows strong upward trend with solid momentum and healthy volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$88.41
Middle Band (SMA 20)
$76.58
Lower Band
$64.76
Current Position
Within Bands

Takeaway:Sumitomo Electric Industries, Ltd. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$86.02
Middle Line (EMA 20)
$76.86
Lower Channel
$67.70
Squeeze Status
No Squeeze

Takeaway:Sumitomo Electric Industries, Ltd. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume1.34M
Money Flow Index79.94Bullish, inflows support continued momentum.
Relative Vigor Index57.22Neutral to Bullish, buyers hold a slight edge.

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

Technical Trading Signals Summary
Based on the current technical analysis of Sumitomo Electric Industries, Ltd., here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

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

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Sumitomo Electric Industries, Ltd. are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ