STRYKER CORP (SYK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SYK - US8636671013 - Common Stock
We assign a technical rating of 3 out of 10 to SYK. In the past year, SYK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SYK has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
336.19
2 important support areas can be observed.
- A support zone ranging from 348.17 to 362.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @339.59 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 375.13 to 378.22. 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 | 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 | 36.43 | 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) | 61.45 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.24 | POSITIVE | The MACD value suggests SYK has a positive trend. |
| Stochastics (14,3) | 90.44 | OVERBOUGHT | The high Stochastics value suggests SYK may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for SYK suggests low volalility. |
| Average Directional Index/ADX (14) | 17.75 | NEGATIVE | The low ADX value for SYK suggests a weak or negative trend. |
367.54
+0.33 (+0.09%)
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 current trend direction of STRYKER CORP (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 61.4521. This indicates that the stock is currently neutral.
What is the short term momentum for STRYKER CORP (SYK) stock?
The short term momentum for STRYKER CORP (SYK) is positive.
What is the support and resistance level for SYK stock?
STRYKER CORP (SYK) has a support level at 362.68 and a resistance level at 375.13. Check the full technical report for our detailed analysis of SYK support and resistance levels.