Sumitomo Mitsui Trust Holdings, Inc. Stock Forecast
Green day on Friday for Sumitomo Mitsui Trust Holdings, Inc. stock after gaining 0.282%
(Updated on May 03, 2024)
The Sumitomo Mitsui Trust Holdings, Inc. stock price gained 0.282% on the last trading day (Friday, 3rd May 2024), rising from $4.26 to $4.27. During the last trading day the stock fluctuated 0.82% from a day low at $4.25 to a day high of $4.28. The price has risen in 6 of the last 10 days and is up by 1.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 69 thousand shares were bought and sold for approximately $296.50 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $4.28. A reaction back to this level may hold a second chance to get out before further falls.
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SUTNY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 2.69%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sumitomo Mitsui Trust Holdings, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sumitomo Mitsui Trust Holdings, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.29. On a fall, the stock will find some support from the short-term average at $4.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Sumitomo Mitsui Trust Holdings, Inc. stock
Sumitomo Mitsui Trust Holdings, Inc. finds support from accumulated volume at $4.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0350 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SUTNY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sumitomo Mitsui Trust Holdings, Inc. to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.16 and $4.38, which gives a possible trading interval of +/-$0.109 (+/-2.56%) up or down from last closing price. If Sumitomo Mitsui Trust Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.28 (0.08%) than the support at $4.24 (0.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sumitomo Mitsui Trust Holdings, Inc. stock A Buy?
Sumitomo Mitsui Trust Holdings, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.225 Sell Candidate Unchanged
Predicted Opening Price for Sumitomo Mitsui Trust Holdings, Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$4.27 ( 0.148%) | $4.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUTNY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.30 | 0.671 % | |
R2 | 4.29 | 0.358 % | ||
R1 | 4.28 | 0.165 % | ||
Current price: | 4.27 | |||
Support | S1 | 4.25 | -0.461 % | |
S2 | 4.24 | -0.655 % | ||
S3 | 4.23 | -0.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.55 | 6.51 % | |
R2 | 4.28 | 0.187 % | ||
R1 | 4.28 | 0.0819 % | ||
Current price | 4.27 | |||
Support | S1 | 4.24 | -0.749% | |
S2 | 4.00 | -6.48% | ||
S3 | 3.90 | -8.71% |
SUTNY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | $0.0506 | 1.31% |
2 | Mar 30, 2023 | Mar 30, 2023 | Jul 06, 2023 | $0.0544 | 1.52% |
3 | Sep 29, 2022 | Sep 29, 2022 | Dec 12, 2022 | $0.0528 | 1.75% |
4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $0.0707 | 1.99% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | $0.0675 | 1.86% |
FAQ
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