TD SYNNEX CORP (SNX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SNX • US87162W1009
Overall SNX gets a technical rating of 8 out of 10. Although SNX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by SNX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SNX has a been trading in the 145.50 - 172.55 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, SNX did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SNX is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, SNX did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SNX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
143.00
2 important support areas can be observed.
- A support zone ranging from 153.97 to 156.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 144.44 to 148.98. 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 | 75.14 | POSITIVE | SNX has a high relative strength, it outperformed 75.14% 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) | 73.11 | OVERBOUGHT | The high RSI value suggests SNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.55 | POSITIVE | The MACD value suggests SNX has a positive trend. |
| Stochastics (14,3) | 91.68 | OVERBOUGHT | The high Stochastics value suggests SNX may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for SNX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.83 | POSITIVE | The high ADX value value for SNX suggests a strong trend. |
171.38
+7.19 (+4.38%)
TD SYNNEX CORP / SNX FAQ
Can you provide the ChartMill technical rating for TD SYNNEX CORP?
ChartMill assigns a technical rating of 8 / 10 to SNX.
What is the trend direction for SNX stock?
The current trend direction for TD SYNNEX CORP (SNX) is Bullish.
Can you provide the RSI signal for TD SYNNEX CORP?
TD SYNNEX CORP (SNX) has an RSI value of 73.1114. This indicates that the stock is currently overbought.
Can you provide the MACD signal for TD SYNNEX CORP?
The MACD indicator for TD SYNNEX CORP (SNX) has a value of 1.54995, indicating a bullish trend.
What is the support and resistance level for SNX stock?
TD SYNNEX CORP (SNX) has a support level at 155.05 and a resistance level at 164.51. Check the full technical report for our detailed analysis of SNX support and resistance levels.