SYNOVUS FINANCIAL CORP (SNV) Stock Technical Analysis
NYSE:SNV - New York Stock Exchange, Inc. - US87161C5013 - Common Stock - Currency: USD
Taking everything into account, SNV scores 8 out of 10 in our technical rating. In the last year, SNV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
SNV is part of the Banks industry. There are 394 other stocks in this industry. SNV outperforms 88% of them.
SNV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNV is lagging the market slightly.
In the last month SNV has a been trading in the 46.92 - 56.17 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SNV did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
SNV has an excellent technical rating, but the quality of the setup is only medium 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
38.85
58.21
We found 4 important support areas.
- Support @50.60 from a trend line in the daily time frame.
- A support zone ranging from 46.94 to 47.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.76 from a trend line in the weekly time frame.
- Support @39.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | 87.08 | POSITIVE | SNV has a high relative strength, it outperformed 87.08% off all stocks 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) | 68.76 | NEUTRAL | The RSI value for SNV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SNV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.28 | OVERBOUGHT | The high Stochastics value suggests SNV may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SNV suggests some volalility. |
| Average Directional Index/ADX (14) | 32.39 | 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)
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 |
|---|---|---|---|
| 56.18 | 51.34 | 4.84 (8.62%) | 11.61% |
| An entry @56.18. This is a Buy Stop order right above the 10 day high. | An exit @51.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.84 points, which is 8.62%. | When investing 11.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
54.54
-0.57 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.03%
1 Week-1.02%
2 Weeks5.76%
1 Month11.37%
3 Month37.73%
6 Month7%
12 Month28.18%
2 Year60.89%
3 Year35.07%
5 Year170.67%
10 Year73.03%
15 Year197.38%
Volatility
ATR(14)1.23
ATR(20)%2.23%
ATR Inc-31.8%
Range Today0.73
ADR(20)1.13
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.08
Mansfield0.37
10 Day High56.17
10 Day Low51.35
20 Day High56.17
20 Day Low46.93
52 Week High59.92
52 Week Low35.94
CS1 End50.6
CR1 Start57.63
Volume & EV
DER(3)1.68%
DER(5)1.43%
Volume1.84M
Volume Incr49.44%
Vol(5)1.43M
Vol(50)981.01K