TD SYNNEX CORP (SNX) Stock Technical Analysis
USA - NYSE:SNX - US87162W1009 - Common Stock
151.64 USD
-0.71 (-0.47%)
151.64 USD
0 (0%)
Overall SNX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SNX did better than 84% of all other stocks.
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 143.09 - 153.06 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SNX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, SNX did better than 62% of them.
SNX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 151.65. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
96.57
155.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 140.84 to 143.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @124.73 from a horizontal line in the daily time frame.
- Support @97.55 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.65 to 153.59. 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 | 84.38 | POSITIVE | SNX has a high relative strength, it outperformed 84.38% 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) | 59.89 | NEUTRAL | The RSI value for SNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SNX has a positive trend. |
| Stochastics (14,3) | 89.77 | OVERBOUGHT | The high Stochastics value suggests SNX may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for SNX suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for SNX suggests a possible start of a new 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 |
|---|---|---|---|
| 153.60 | 145.27 | 8.33 (5.42%) | 18.44% |
| An entry @153.60. This is a Buy Stop order right above the resistance zone. | An exit @145.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.33 points, which is 5.42%. | For a 1.00% total portfolio risk, you can invest 18.44% of your capital in this trade. |
- 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.
151.64
-0.71 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.47%
1 Week1.42%
2 Weeks1.38%
1 Month0.5%
3 Month22.94%
6 Month19.22%
12 Month34.33%
2 Year51.85%
3 Year86.77%
5 Year165.26%
10 Year336.77%
15 Year1220.25%
Volatility
ATR(14)2.18
ATR(20)%1.67%
ATR Inc-40.69%
Range Today1.65
ADR(20)2.46
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.38
Mansfield0.74
10 Day High153.06
10 Day Low145.28
20 Day High153.06
20 Day Low143.09
52 Week High153.7
52 Week Low92.23
CS1 End143.01
CR1 Start151.65
Volume & EV
DER(3)0.14%
DER(5)1.65%
Volume571.20K
Volume Incr17.62%
Vol(5)632.04K
Vol(50)557.77K