STRYKER CORP (SYK) Stock Technical Analysis
USA - NYSE:SYK - US8636671013 - Common Stock
374.42 USD
+5.17 (+1.4%)
374.5 USD
+0.08 (+0.02%)
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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
65% of all other stocks performed better in the past year than SYK.
In the last month SYK has a been trading in the 352.64 - 381.62 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.
SYK has an average volume of 1294940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SYK is an average performer in the Health Care Equipment & Supplies industry, it outperforms 61% 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.
SYK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 378.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 369.75, a Stop Loss order could be placed below this zone.
More info and screens
342.33
407.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 360.60 to 369.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 can see 2 important resistance areas.
- A resistance zone ranging from 378.05 to 379.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 392.15 to 403.54. 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 | DOWN | NEGATIVE | The long term trend for SYK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYK is neutral. |
| ChartMill Relative Strength | 35.75 | NEUTRAL | SYK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SYK is above 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) | UP | MIXED | The current price of SYK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests SYK has a positive trend. |
| Stochastics (14,3) | 76.22 | NEUTRAL | The Stochastics value for SYK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for SYK suggests low volalility. |
| Average Directional Index/ADX (14) | 26.61 | POSITIVE | The high ADX value value for SYK suggests a strong 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)
374.42
+5.17 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.4%
1 Week2.69%
2 Weeks1.06%
1 Month-0.64%
3 Month-3.85%
6 Month8.06%
12 Month1.32%
2 Year38.56%
3 Year63.33%
5 Year85.35%
10 Year291.57%
15 Year656.56%
Volatility
ATR(14)7.66
ATR(20)%1.92%
ATR Inc-12.44%
Range Today6.47
ADR(20)7.08
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.75
Mansfield-1.05
10 Day High376.91
10 Day Low363.37
20 Day High381.62
20 Day Low352.65
52 Week High406.19
52 Week Low329.16
CS1 End369.75
CR1 Start378.05
Volume & EV
DER(3)1.35%
DER(5)1.25%
Volume1.13M
Volume Incr-22.48%
Vol(5)1.23M
Vol(50)1.29M