STRYKER CORP (SYK) Stock Technical Analysis
NYSE:SYK - New York Stock Exchange, Inc. - US8636671013 - Common Stock - Currency: USD
Overall SYK gets a technical rating of 7 out of 10. Although SYK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SYK is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 74% of 188 stocks in the same industry.
SYK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SYK is performing more or less in line with the market.
In the last month SYK has a been trading in the 363.08 - 394.92 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 1633210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SYK outperforms 69% of them, which is more or less in line with the market.
Besides having an excellent technical rating, SYK also presents 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 392.15. Right above this resistance zone may be a good entry point.
More info and screens
333.99
403.91
We found 4 important support areas.
- Support @381.25 from a trend line in the daily time frame.
- Support @354.94 from a trend line in the weekly time frame.
- A support zone ranging from 345.14 to 345.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @337.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 392.15 to 399.91. 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 SYK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYK is up. |
| ChartMill Relative Strength | 69.48 | NEUTRAL | SYK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SYK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.54 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests SYK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.11 | NEUTRAL | The Stochastics value for SYK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for SYK suggests low volalility. |
| Average Directional Index/ADX (14) | 18.42 | NEGATIVE | The low ADX value for SYK suggests a weak or negative 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 |
|---|---|---|---|
| 385.19 | 381.24 | 3.95 (1.03%) | 25.00% |
| An entry @385.19. This is a Buy Stop order right above the 10 day moving average. | An exit @381.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.95 points, which is 1.03%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SYK. 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.
382.35
+1.96 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.52%
1 Week0.68%
2 Weeks-1.03%
1 Month2.25%
3 Month-0.99%
6 Month-2.5%
12 Month12.1%
2 Year38.74%
3 Year63.05%
5 Year95.35%
10 Year297.74%
15 Year621.01%
Volatility
ATR(14)6.59
ATR(20)%1.95%
ATR Inc-12.77%
Range Today6.18
ADR(20)6.88
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.48
Mansfield0.14
10 Day High394.92
10 Day Low371.27
20 Day High394.92
20 Day Low363.08
52 Week High406.19
52 Week Low314.93
CS1 End381.25
CR1 Start392.15
Volume & EV
DER(3)0.3%
DER(5)-0.44%
Volume840.20K
Volume Incr-19.55%
Vol(5)1.15M
Vol(50)1.63M