SYNCHRONY FINANCIAL (SYF) Stock Technical Analysis
NYSE:SYF - New York Stock Exchange, Inc. - US87165B1035 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SYF. SYF has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
In the last month SYF has a been trading in the 55.67 - 62.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SYF has an average volume of 4499500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SYF is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SYF is an average performer in the Consumer Finance industry, it outperforms 66% of 52 stocks in the same industry.
SYF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SYF is lagging the market slightly.
SYF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 59.63, a Stop Loss order could be placed below this zone.
More info and screens
44.04
62.42
4 important support areas can be observed.
- A support zone ranging from 59.09 to 59.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.73 to 56.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.91 from a trend line in the weekly time frame.
- A support zone ranging from 44.48 to 44.99. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @60.81 from a horizontal line in the weekly time frame.
- Resistance @61.80 from a horizontal line in the daily 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 SYF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYF is up. |
| ChartMill Relative Strength | 89.58 | POSITIVE | SYF has a high relative strength, it outperformed 89.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SYF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for SYF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SYF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.91 | NEUTRAL | The Stochastics value for SYF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SYF suggests some volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for SYF 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 |
|---|---|---|---|
| 60.82 | 59.08 | 1.74 (2.86%) | 25.00% |
| An entry @60.82. This is a Buy Stop order right above the resistance zone. | An exit @59.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.74 points, which is 2.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of SYF. 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.
59.84
-1.6 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-2.6%
1 Week1.05%
2 Weeks3.8%
1 Month-1.07%
3 Month12.19%
6 Month-12.08%
12 Month43.54%
2 Year76.42%
3 Year116.66%
5 Year170.04%
10 Year81.72%
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%2.63%
ATR Inc-0.71%
Range Today1.38
ADR(20)1.41
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.58
Mansfield0.26
10 Day High62.47
10 Day Low56.51
20 Day High62.47
20 Day Low55.67
52 Week High70.93
52 Week Low40.55
CS1 End59.63
CR1 Start60.81
Volume & EV
DER(3)-0.31%
DER(5)0.58%
Volume2.96M
Volume Incr25.85%
Vol(5)4.22M
Vol(50)4.50M