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REPORTING FOR 2019-09-12 | AMARKETREPORTSJOURNAL.COM: We have conducted a deep analysis of how Sumitomo Electric Industries,Ltd. (5802) has been trading over the last 2 weeks and the past day especially. On its latest session, Sumitomo Electric Industries,Ltd. (5802) opened at 1389.0, reaching a high of 1395.0 and a low of 1387.5 before closing at a price of 1395.0. There was a total volume of 136300.
VOLUME INDICATORS: We saw an accumulation-distribution index of 3479.0, an on-balance volume of -1386.5, chaikin money flow of 1.5 and a force index of 4165.0. There was an ease of movement rating of 0.43734, a volume-price trend of 51.52263 and a negative volume index of 1000.0. Is this bullish or bearish for 5802? Click here for a short explanation of volume indicators.
VOLATILITY: We noted an average true range of 16.78788, bolinger bands of 1415.38351, an upper bollinger band of 1329.11649, lower bollinger band of 1387.5, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 1390.5, high band keltner channel of 1384.5, low band keltner channel of 1396.5, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 1387.5, a donchian channel low band of 1387.5, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0. Is this bullish or bearish for 5802? Click here for a short explanation of volatility indicators.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.68429, a MACD signal of -0.38016, a MACD difference of -0.30413, a fast Exponential Moving Average (EMA) indicator of 1387.5, a slow Exponential Moving Average (EMA) indicator of 1387.5, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.40512, a trix of 5.05185, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -47.605, a KST Oscillator (KST) of 35.5289 and a KST Oscillator (KST Signal) of 35.5289 (leaving a KST difference of -5.69074). We also found an Ichimoku rating of 1392.0, an Ichimoku B rating of 1392.0, a Ichimoku visual trend A of 1348.67, an Ichimoku visual trend B of 1334.4025, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0. Is this bullish or bearish for 5802? Click here for a short explanation of trend indicators.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 96.94532, a stochastic oscillator of 125.0, a stochastic oscillator signal of 125.0, a Williams %R rating of 25.0 and an awesome oscillator of -13.575. Is this bullish or bearish for 5802? Click here for a short explanation of momentum indicators.
RETURNS: There was a daily return of 3.55289, a daily log return of -2.22272 and a cumulative return of -2.1982.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-09-12 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Sumitomo Electric Industries,Ltd. (5802)…
For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on Sumitomo Electric Industries,Ltd., we strongly advise Sumitomo Electric Industries,Ltd. investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like Sumitomo Electric Industries,Ltd. – without this you are trading blind:
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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Sumitomo Electric Industries,Ltd. (5802) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
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