SYNOVUS FINANCIAL CORP (SNV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNV - US87161C5013 - Common Stock
We assign a technical rating of 8 out of 10 to SNV. Although SNV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SNV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 52.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
40.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.24 to 52.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.62 to 46.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.13 from a horizontal line in the daily time frame.
- Support @40.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @53.34 from a trend line in the daily time frame.
- Resistance @54.47 from a trend line in the weekly time frame.
- Resistance @56.42 from a horizontal line in the weekly time frame.
- Resistance @57.63 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 | UP | POSITIVE | The short term trend for SNV is up. |
| ChartMill Relative Strength | 56.24 | NEUTRAL | SNV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNV is above 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) | 67.36 | NEUTRAL | The RSI value for SNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SNV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.84 | OVERBOUGHT | The high Stochastics value suggests SNV may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for SNV suggests low volalility. |
| Average Directional Index/ADX (14) | 41.78 | POSITIVE | The high ADX value value for SNV suggests a strong trend. |
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 |
|---|---|---|---|
| 53.35 | 52.23 | 1.12 (2.10%) | 25.00% |
| An entry @53.35. This is a Buy Stop order right above the resistance zone. | An exit @52.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.12 points, which is 2.10%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SNV. Please evaluate whether better entry and exit points can be found.
- 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.
52.91
-0.24 (-0.45%)
SYNOVUS FINANCIAL CORP / SNV FAQ
What is the ChartMill technical rating of SYNOVUS FINANCIAL CORP (SNV) stock?
ChartMill assigns a technical rating of 8 / 10 to SNV.
What is the trend direction for 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 67.3636. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SYNOVUS FINANCIAL CORP?
The short term momentum for SYNOVUS FINANCIAL CORP (SNV) is positive.
What is the buy/sell signal for SNV stock?
The buy/sell signal for SYNOVUS FINANCIAL CORP (SNV) is buy as both the short term and long term trends are positive.