STRYKER CORP (SYK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SYK - US8636671013 - Common Stock
We assign a technical rating of 0 out of 10 to SYK. SYK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SYK is bad and it also does not present a quality setup 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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347.71
When analyzing the support we notice one important area.
- A support zone ranging from 351.22 to 354.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 359.70 to 370.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 378.05 to 379.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 392.15 to 394.69. 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 | DOWN | NEGATIVE | The long term trend for SYK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYK is down. |
| ChartMill Relative Strength | 26.9 | NEGATIVE | SYK has a low relative strength, it was outperformed by 73.1% off all stocks 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) | 40.51 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.46 | NEGATIVE | The MACD value suggests SYK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.67 | NEUTRAL | The Stochastics value for SYK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for SYK suggests low volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for SYK suggests a weak or negative trend. |
354.09
+1.12 (+0.32%)
STRYKER CORP / SYK FAQ
What is the ChartMill technical rating of STRYKER CORP (SYK) stock?
ChartMill assigns a technical rating of 0 / 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 40.5137. 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 negative.
Can you provide the buy/sell signal for STRYKER CORP?
The buy/sell signal for STRYKER CORP (SYK) is sell as both the short term and long term trends are negative.