STRYKER CORP (SYK) Stock Technical Analysis
NYSE:SYK - New York Stock Exchange, Inc. - US8636671013 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SYK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SYK is only an average performer.
The long and short term trends are both positive. This is looking good!
SYK is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. SYK outperforms 76% of them.
SYK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SYK is lagging the market slightly.
SYK has an average volume of 1238060 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.
In the last month SYK has a been trading in the 370.85 - 399.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SYK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 388.05, a Stop Loss order could be placed below this zone.
More info and screens
333.99
403.91
5 important support areas can be observed.
- A support zone ranging from 383.38 to 388.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @376.62 from a horizontal line in the daily time frame.
- Support @362.93 from a trend line in the weekly time frame.
- A support zone ranging from 345.14 to 351.22. 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 and important moving averages 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 | 69.3 | 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) | 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) | 53.79 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SYK has a negative trend. |
| Stochastics (14,3) | 53.86 | NEUTRAL | The Stochastics value for SYK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for SYK suggests low volalility. |
| Average Directional Index/ADX (14) | 15.37 | 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 |
|---|---|---|---|
| 399.92 | 386.03 | 13.89 (3.47%) | 25.00% |
| An entry @399.92. This is a Buy Stop order right above the resistance zone. | An exit @386.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.89 points, which is 3.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- 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.
390.59
-0.87 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.22%
1 Week0.28%
2 Weeks-1.27%
1 Month3.52%
3 Month12.72%
6 Month1.87%
12 Month14.56%
2 Year37.82%
3 Year81.88%
5 Year102.06%
10 Year281.92%
15 Year738.72%
Volatility
ATR(14)6.39
ATR(20)%1.64%
ATR Inc-11.12%
Range Today5.14
ADR(20)6.28
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.3
Mansfield-0.19
10 Day High399.74
10 Day Low386.04
20 Day High399.74
20 Day Low370.85
52 Week High406.19
52 Week Low314.93
CS1 End388.05
CR1 Start392.15
Volume & EV
DER(3)-1.18%
DER(5)-0.55%
Volume1.43M
Volume Incr-10.18%
Vol(5)1.11M
Vol(50)1.24M