TD SYNNEX CORP (SNX) Stock Technical Analysis
NYSE:SNX - New York Stock Exchange, Inc. - US87162W1009 - Common Stock - Currency: USD
Taking everything into account, SNX scores 8 out of 10 in our technical rating. SNX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
SNX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SNX has a been trading in the 122.97 - 144.17 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SNX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SNX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, SNX did better than 66% of them.
Besides having an excellent technical rating, SNX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
95.90
146.15
5 important support areas can be observed.
- A support zone ranging from 133.66 to 134.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 125.79 to 127.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @123.33 from a horizontal line in the daily time frame.
- A support zone ranging from 121.33 to 121.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.87 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 144.43 to 144.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNX is up. |
| ChartMill Relative Strength | 86.82 | POSITIVE | SNX has a high relative strength, it outperformed 86.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.66 | OVERBOUGHT | The high RSI value suggests SNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests SNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.35 | OVERBOUGHT | The high Stochastics value suggests SNX may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SNX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.89 | POSITIVE | The high ADX value value for SNX 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)
141.79
-0.59 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.41%
1 Week1.13%
2 Weeks3.5%
1 Month12.1%
3 Month39.06%
6 Month5.81%
12 Month26.04%
2 Year43.64%
3 Year41.2%
5 Year178.49%
10 Year359.32%
15 Year1216.35%
Volatility
ATR(14)3.68
ATR(20)%2.3%
ATR Inc-29.65%
Range Today1.75
ADR(20)3.2
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.82
Mansfield0.74
10 Day High144.17
10 Day Low133.71
20 Day High144.17
20 Day Low122.97
52 Week High145.1
52 Week Low92.23
CS1 End134.04
CR1 Start144.43
Volume & EV
DER(3)-2.4%
DER(5)-2.65%
Volume529.80K
Volume Incr-43.19%
Vol(5)612.84K
Vol(50)751.01K