SYK Technical Analysis - STRYKER CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SYK. SYK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

70% of all other stocks performed better in the past year than SYK.

In the last month SYK has a been trading in the 372.08 - 396.86 range, which is quite wide. It is currently trading near the lows of this range.

SYK has an average volume of 1235710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

SYK is an average performer in the Health Care Equipment & Supplies industry, it outperforms 57% of 190 stocks in the same industry.

SYK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SYK is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SYK has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

342.33

407.58

When analyzing the support we can see 2 important areas.

Support @359.01 from a trend line in the weekly time frame.
A support zone ranging from 345.79 to 351.22. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 375.56 to 403.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for SYK is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SYK is down.
ChartMill Relative Strength	30.37	NEUTRAL	SYK is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SYK is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SYK is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SYK is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.22	NEUTRAL	The RSI value for SYK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.44	NEGATIVE	The MACD value suggests SYK has a negative trend.
Stochastics (14,3)	13.96	OVERSOLD	The low Stochastics value suggests SYK may be oversold.
Average True Range in percent/ATR (20)	1.67	LOW VOLATILITY	The low ATR as a percentage value for SYK suggests low volalility.
Average Directional Index/ADX (14)	19.92	NEGATIVE	The low ADX value for SYK suggests a weak or negative trend.