SYNOVUS FINANCIAL CORP (SNV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNV - US87161C5013 - Common Stock
50.05 USD
-1.28 (-2.49%)
50.5 USD
+0.45 (+0.9%)
Taking everything into account, SNV scores 6 out of 10 in our technical rating. Although SNV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SNV is a bad performer in the overall market: 68% of all stocks are doing better.
- SNV is one of the lesser performing stocks in the Banks industry. 88% of 383 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SNV has an average volume of 1112120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNV is lagging the market.
- In the last month SNV has a been trading in the 48.57 - 53.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SNV has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.52
56.98
We found 3 important support areas.
- A support zone ranging from 45.83 to 46.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.05 to 44.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.93 to 53.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.41 from a trend line in the weekly time frame.
- Resistance @56.42 from a horizontal 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 | UP | POSITIVE | The long term trend for SNV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNV is neutral. |
| ChartMill Relative Strength | 32.03 | NEUTRAL | SNV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.54 | NEUTRAL | The RSI value for SNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests SNV has a negative trend. |
| Stochastics (14,3) | 18.73 | OVERSOLD | The low Stochastics value suggests SNV may be oversold. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SNV suggests some volalility. |
| Average Directional Index/ADX (14) | 36.33 | POSITIVE | The high ADX value value for SNV suggests a strong 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)
50.05
-1.28 (-2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.49%
1 Week-5.41%
2 Weeks-4.74%
1 Month2.62%
3 Month2.81%
6 Month-9.17%
12 Month-3.64%
2 Year32.93%
3 Year33.29%
5 Year54.62%
10 Year54.57%
15 Year170.83%
Volatility
ATR(14)0.97
ATR(20)%2.02%
ATR Inc47.94%
Range Today1.87
ADR(20)1
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.03
3 months CRS53.53
6 months CRS21.78
Mansfield-0.9
10 Day High53.44
10 Day Low49.92
20 Day High53.68
20 Day Low48.57
52 Week High61.06
52 Week Low35.94
CS1 End46.55
CR1 Start51.93
Volume & EV
DER(3)-0.64%
DER(5)-0.1%
Volume9.31M
Volume Incr193.85%
Vol(5)2.53M
Vol(50)1.11M
SYNOVUS FINANCIAL CORP / SNV FAQ
What is the ChartMill technical rating of SYNOVUS FINANCIAL CORP (SNV) stock?
ChartMill assigns a technical rating of 6 / 10 to SNV.
What is the current trend direction of SYNOVUS FINANCIAL CORP (SNV) stock?
The current trend direction for SYNOVUS FINANCIAL CORP (SNV) is Bullish.
What is the RSI signal for SNV stock?
SYNOVUS FINANCIAL CORP (SNV) has an RSI value of 44.5383. This indicates that the stock is currently neutral.
What is the short term momentum for SYNOVUS FINANCIAL CORP (SNV) stock?
The short term momentum for SYNOVUS FINANCIAL CORP (SNV) is neutral.