TD SYNNEX CORP (SNX) Stock Technical Analysis
NYSE:SNX • US87162W1009
Taking everything into account, SNX scores 6 out of 10 in our technical rating. In the last year, SNX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- SNX 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 SNX is lagging the market slightly.
- When compared to the yearly performance of all other stocks, SNX outperforms 64% of them, which is more or less in line with the market.
- SNX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, SNX did better than 46% of them.
- In the last month SNX has a been trading in the 152.48 - 175.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SNX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 150.14, a Stop Loss order could be placed below this zone.
More info and screens
140.99
We found 2 important support areas.
- A support zone ranging from 148.98 to 150.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 142.41 to 146.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 157.31 to 157.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 SNX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNX is neutral. |
| ChartMill Relative Strength | 64.05 | NEUTRAL | SNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNX is below 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) | 45.83 | NEUTRAL | The RSI value for SNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests SNX has a negative trend. |
| Stochastics (14,3) | 22.15 | NEUTRAL | The Stochastics value for SNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for SNX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.85 | POSITIVE | The high ADX value value for SNX 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 |
|---|---|---|---|
| 157.94 | 155.65 | 2.29 (1.45%) | 25.00% |
| An entry @157.94. This is a Buy Stop order right above the resistance zone. | An exit @155.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.29 points, which is 1.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- 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.
157.28
-4.33 (-2.68%)
TD SYNNEX CORP / SNX FAQ
Can you provide the ChartMill technical rating for TD SYNNEX CORP?
ChartMill assigns a technical rating of 6 / 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 45.8315. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TD SYNNEX CORP?
The MACD indicator for TD SYNNEX CORP (SNX) has a value of -1.08725, indicating a bearish trend.
What is the support and resistance level for SNX stock?
TD SYNNEX CORP (SNX) has a support level at 150.14 and a resistance level at 157.31. Check the full technical report for our detailed analysis of SNX support and resistance levels.