STRYKER CORP (SYK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SYK - US8636671013 - Common Stock
Overall SYK gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SYK was also a bad performer in the overall market in the last year.
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 373.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 370.95, a Stop Loss order could be placed below this zone.
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342.33
2 important support areas can be observed.
- A support zone ranging from 363.27 to 370.95. 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 357.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 373.43 to 382.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 392.15 to 395.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 403.54 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 | NEUTRAL | NEUTRAL | The long term trend for SYK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYK is up. |
| ChartMill Relative Strength | 32.23 | NEUTRAL | SYK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SYK is above 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) | 54.35 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.74 | POSITIVE | The MACD value suggests SYK has a positive trend. |
| Stochastics (14,3) | 85.29 | OVERBOUGHT | The high Stochastics value suggests SYK may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for SYK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for SYK suggests a weak or negative trend. |
372.29
-2.79 (-0.74%)
STRYKER CORP / SYK FAQ
What is the ChartMill technical rating of STRYKER CORP (SYK) stock?
ChartMill assigns a technical rating of 3 / 10 to SYK.
What is the trend direction for SYK stock?
The current trend direction for STRYKER CORP (SYK) is Bearish.
Can you provide the RSI signal for STRYKER CORP?
STRYKER CORP (SYK) has an RSI value of 54.3548. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STRYKER CORP?
The short term momentum for STRYKER CORP (SYK) is positive.