TD SYNNEX CORP (SNX) Stock Technical Analysis
USA - NYSE:SNX - US87162W1009 - Common Stock
Overall SNX gets a technical rating of 6 out of 10. In the last year, SNX was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, SNX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 150.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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123.99
We found 3 important support areas.
- A support zone ranging from 149.47 to 150.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @146.58 from a horizontal line in the daily time frame.
- Support @125.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 151.22 to 154.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for SNX is down. |
| ChartMill Relative Strength | 80.96 | POSITIVE | SNX has a high relative strength, it outperformed 80.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNX is below 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) | 45.29 | NEUTRAL | The RSI value for SNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests SNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.2 | NEUTRAL | The Stochastics value for SNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for SNX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for SNX suggests a weak or negative 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 |
|---|---|---|---|
| 154.51 | 149.46 | 5.05 (3.27%) | 25.00% |
| An entry @154.51. This is a Buy Stop order right above the resistance zone. | An exit @149.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.05 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of SNX. 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.
150.68
+0.22 (+0.15%)
TD SYNNEX CORP / SNX FAQ
What is the technical rating for SNX stock?
ChartMill assigns a technical rating of 6 / 10 to SNX.
What is the current trend direction of TD SYNNEX CORP (SNX) stock?
The current trend direction for TD SYNNEX CORP (SNX) is Bullish.
What is the RSI signal for SNX stock?
TD SYNNEX CORP (SNX) has an RSI value of 45.2889. This indicates that the stock is currently neutral.
What is the MACD signal for SNX stock?
The MACD indicator for TD SYNNEX CORP (SNX) has a value of -0.338376, indicating a bearish trend.
Can you provide the buy/sell signal for TD SYNNEX CORP?
The buy/sell signal for TD SYNNEX CORP (SNX) is hold as the short term and long term trends are mixed.