STRYKER CORP (SYK) Stock Technical Analysis
NYSE:SYK - US8636671013 - Common Stock
389.67 USD
-3.48 (-0.89%)
389.67 USD
0 (0%)
Overall SYK gets a technical rating of 6 out of 10. 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 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.
In the last month SYK has a been trading in the 372.32 - 395.37 range, which is quite wide. It is currently trading near the high of this range.
SYK has an average volume of 1279690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SYK turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
SYK is an average performer in the Health Care Equipment & Supplies industry, it outperforms 66% of 185 stocks in the same industry.
SYK has only a medium 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 392.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 389.24, a Stop Loss order could be placed below this zone.
More info and screens
333.99
407.58
We found 3 important support areas.
- A support zone ranging from 369.78 to 389.24. 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 351.22. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @337.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @392.15 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 399.90 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 | 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 | 50.18 | NEUTRAL | SYK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SYK is above a declining 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) | 52.29 | NEUTRAL | The RSI value for SYK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests SYK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.74 | OVERBOUGHT | The high Stochastics value suggests SYK may be overbought. |
| 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) | 19.12 | 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 |
|---|---|---|---|
| 392.16 | 378.69 | 13.47 (3.43%) | 25.00% |
| An entry @392.16. This is a Buy Stop order right above the resistance zone. | An exit @378.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.47 points, which is 3.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
389.67
-3.48 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.89%
1 Week1.26%
2 Weeks2.95%
1 Month-0.78%
3 Month1.84%
6 Month0.9%
12 Month8.12%
2 Year37.43%
3 Year89.9%
5 Year96.64%
10 Year295%
15 Year802.22%
Volatility
ATR(14)5.63
ATR(20)%1.64%
ATR Inc-25.64%
Range Today4.58
ADR(20)5.8
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.18
Mansfield-0.59
10 Day High395.37
10 Day Low378.7
20 Day High395.37
20 Day Low372.32
52 Week High406.19
52 Week Low329.16
CS1 End389.24
CR1 Start392.15
Volume & EV
DER(3)0.79%
DER(5)0.73%
Volume1.03M
Volume Incr-31.7%
Vol(5)921.22K
Vol(50)1.28M