SYNOVUS FINANCIAL CORP (SNV) Stock Technical Analysis
NYSE:SNV - New York Stock Exchange, Inc. - US87161C5013 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SNV. Although SNV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that SNV is one of the better performing stocks in the market, outperforming 82% of all stocks.
SNV is part of the Banks industry. There are 396 other stocks in this industry. SNV outperforms 72% of them.
SNV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SNV has an average volume of 1222850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
SNV 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 SNV is lagging the market slightly.
SNV has an average technical rating and it also does not offer a high 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
38.31
54.59
We found 3 important support areas.
- A support zone ranging from 47.01 to 47.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.06 from a trend line in the weekly time frame.
- Support @38.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.18 to 49.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.05 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SNV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNV is neutral. |
| ChartMill Relative Strength | 82.53 | POSITIVE | SNV has a high relative strength, it outperformed 82.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNV is below a declining 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 | MIXED | The current price of SNV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.39 | NEUTRAL | The RSI value for SNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SNV has a negative trend. |
| Stochastics (14,3) | 54.98 | NEUTRAL | The Stochastics value for SNV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SNV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for SNV 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)
47.13
-1.42 (-2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.92%
1 Week-3.93%
2 Weeks-1.46%
1 Month-4.52%
3 Month3.17%
6 Month-12.98%
12 Month28.84%
2 Year55.8%
3 Year30.74%
5 Year129.57%
10 Year52.92%
15 Year165.07%
Volatility
ATR(14)1.08
ATR(20)%2.38%
ATR Inc26.47%
Range Today1.05
ADR(20)1
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.53
Mansfield-0.52
10 Day High49.83
10 Day Low46.54
20 Day High49.83
20 Day Low45.8
52 Week High59.92
52 Week Low35.94
CS1 End47.12
CR1 Start48.18
Volume & EV
DER(3)3.77%
DER(5)2.44%
Volume711.50K
Volume Incr-21.79%
Vol(5)697.30K
Vol(50)1.22M