SYNCHRONOSS TECHNOLOGIES INC (SNCR) Stock Technical Analysis
USA - NASDAQ:SNCR - US87157B4005 - Common Stock
5.74 USD
-0.15 (-2.55%)
5.74 USD
0 (0%)
Taking everything into account, SNCR scores 1 out of 10 in our technical rating. SNCR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SNCR is a bad performer in the overall market: 96% of all stocks are doing better.
SNCR is one of the lesser performing stocks in the Software industry. 85% of 281 stocks in the same industry do better.
SNCR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SNCR has a been trading in the 5.41 - 6.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of SNCR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.31
10.33
When analyzing the support we notice one important area.
- A support zone ranging from 5.36 to 5.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.90 to 5.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.12 to 6.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.43 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.61 from a horizontal line in the daily time frame.
- Resistance @10.23 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SNCR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNCR is down. |
| ChartMill Relative Strength | 4.21 | NEGATIVE | SNCR has a low relative strength, it was outperformed by 95.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNCR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNCR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNCR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.03 | NEUTRAL | The RSI value for SNCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SNCR has a negative trend. |
| Stochastics (14,3) | 18.97 | OVERSOLD | The low Stochastics value suggests SNCR may be oversold. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for SNCR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for SNCR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.74
-0.15 (-2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.55%
1 Week-7.57%
2 Weeks-13.55%
1 Month1.23%
3 Month-24.17%
6 Month-41.61%
12 Month-55.05%
2 Year38.65%
3 Year-39.83%
5 Year-76.98%
10 Year-98.61%
15 Year-96.64%
Volatility
ATR(14)0.35
ATR(20)%6.03%
ATR Inc-43.87%
Range Today0.27
ADR(20)0.34
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.21
Mansfield-4.12
10 Day High6.8
10 Day Low5.6
20 Day High6.83
20 Day Low5.41
52 Week High12.85
52 Week Low5.25
CS1 End5.36
CR1 Start5.9
Volume & EV
DER(3)1.95%
DER(5)0.11%
Volume37.60K
Volume Incr-35.53%
Vol(5)40.54K
Vol(50)64.08K