SSUMY Sumitomo Corp. Forecast, Technical & Fundamental Analysis

SSUMY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SSUMY turned positive on April 16, 2025. Looking at past instances where SSUMY's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SSUMY's RSI Indicator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The 50-day moving average for SSUMY moved above the 200-day moving average on April 01, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SSUMY advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

SSUMY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 262 cases where SSUMY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Momentum Indicator moved below the 0 level on March 31, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SSUMY as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

SSUMY moved below its 50-day moving average on April 15, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SSUMY crossed bearishly below the 50-day moving average on April 08, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSUMY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .