TD SYNNEX CORP (SNX) Technical Analysis
NYSE:SNX • US87162W1009
Current stock price
SNX Technical Rating and Analysis
Taking everything into account, SNX scores 10 out of 10 in our technical rating. 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 93% of all other stocks. On top of that, SNX also shows a nice and consistent pattern of rising prices.
- SNX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. SNX outperforms 73% of them.
- SNX is currently making a new 52 week high. This is a strong signal. 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 148.19 - 220.90 range, which is quite wide. It is currently trading near the high of this range.
SNX Weekly and Daily overview Charts
SNX Setup Rating and Analysis
Although SNX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SNX Support and Resistance Analysis
147.49
We found 3 important support areas.
- A support zone ranging from 157.41 to 158.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 152.54 to 153.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @148.98 from a horizontal line in the daily time frame.
SNX Technical Indicator Signal Analysis
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 | 93.04 | POSITIVE | SNX has a high relative strength, it outperformed 93.04% 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) | 80.01 | OVERBOUGHT | The high RSI value suggests SNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.08 | POSITIVE | The MACD value suggests SNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.77 | OVERBOUGHT | The high Stochastics value suggests SNX may be overbought. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for SNX suggests some volalility. |
| Average Directional Index/ADX (14) | 46.41 | POSITIVE | The high ADX value value for SNX suggests a strong trend. |
SNX Chart- and CandleStick Pattern Analysis
SNX Technicals: Chart, Performance Metrics, Trend & Indicators
215.19
-2.69 (-1.23%)
TD SYNNEX CORP / SNX TA FAQ
Can you provide the ChartMill technical rating for TD SYNNEX CORP?
ChartMill assigns a technical rating of 10 / 10 to SNX.
Can you provide the trend direction for TD SYNNEX CORP?
The current trend direction for TD SYNNEX CORP (SNX) is Bullish.
What is the RSI signal for TD SYNNEX CORP (SNX) stock?
TD SYNNEX CORP (SNX) has an RSI value of 80.0119. This indicates that the stock is currently overbought.
What is the buy/sell signal for TD SYNNEX CORP (SNX) stock?
The buy/sell signal for TD SYNNEX CORP (SNX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TD SYNNEX CORP (SNX) stock?
TD SYNNEX CORP (SNX) has a support level at 158.47. Check the full technical report for our detailed analysis of SNX support and resistance levels.