SYNCHRONOSS TECHNOLOGIES INC (SNCR) Technical Analysis
NASDAQ:SNCR • US87157B4005
Current stock price
SNCR Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SNCR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNCR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SNCR is part of the Software industry. There are 275 other stocks in this industry. SNCR outperforms 91% of them.
- When comparing the yearly performance of all stocks, we notice that SNCR is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- SNCR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SNCR is lagging the market slightly.
- In the last month SNCR has a been trading in a tight range between 8.60 and 9.01.
- Volume is considerably higher in the last couple of days.
SNCR Weekly and Daily overview Charts
SNCR Setup Rating and Analysis
Besides having an excellent technical rating, SNCR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.01. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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SNCR Support and Resistance Analysis
8.07
We found 2 important support areas.
- A support zone ranging from 8.44 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.15 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.01 to 9.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
SNCR Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for SNCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNCR is up. |
| ChartMill Relative Strength | 86.18 | POSITIVE | SNCR has a high relative strength, it outperformed 86.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SNCR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.93 | OVERBOUGHT | The high RSI value suggests SNCR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SNCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.15 | OVERBOUGHT | The high Stochastics value suggests SNCR may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for SNCR suggests low volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for SNCR suggests a strong trend. |
SNCR Chart- and CandleStick Pattern Analysis
SNCR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.03 | 8.74 | 0.29 (3.21%) | 25.00% |
| An entry @9.03. This is a Buy Stop order right above the resistance zone. | An exit @8.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.29 points, which is 3.21%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SNCR Technicals: Chart, Performance Metrics, Trend & Indicators
9
-0.01 (-0.11%)
SYNCHRONOSS TECHNOLOGIES INC / SNCR TA FAQ
What is the technical rating for SNCR stock?
ChartMill assigns a technical rating of 9 / 10 to SNCR.
What is the trend direction for SNCR stock?
The current trend direction for SYNCHRONOSS TECHNOLOGIES INC (SNCR) is Bullish.
What is the RSI signal for SNCR stock?
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has an RSI value of 73.9254. This indicates that the stock is currently overbought.
What is the MACD signal for SYNCHRONOSS TECHNOLOGIES INC (SNCR) stock?
The MACD indicator for SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a value of -0.0244889, indicating a bearish trend.
Can you provide the support and resistance levels for SYNCHRONOSS TECHNOLOGIES INC?
SYNCHRONOSS TECHNOLOGIES INC (SNCR) has a support level at 8.53 and a resistance level at 9.01. Check the full technical report for our detailed analysis of SNCR support and resistance levels.