Sykes Enterprises (SYKE) Technical Analysis
NASDAQ:SYKE
Current stock price
SYKE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SYKE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SYKE is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SYKE is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by SYKE over the past year are nicely spread over this period.
- SYKE is part of the IT Services industry. There are 88 other stocks in this industry. SYKE outperforms 88% of them.
- SYKE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SYKE is leading the market.
- In the last month SYKE has a been trading in a tight range between 53.48 and 54.01.
SYKE Weekly and Daily overview Charts
SYKE Setup Rating and Analysis
Besides having an excellent technical rating, SYKE also presents 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 54.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SYKE Support and Resistance Analysis
40.41
We found 4 important support areas.
- A support zone ranging from 53.10 to 53.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.20 from a trend line in the weekly time frame.
- Support @42.70 from a trend line in the daily time frame.
- Support @40.82 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 54.01 to 54.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
SYKE Technical Indicator Signal Analysis
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 SYKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYKE is up. |
| ChartMill Relative Strength | 83.6 | POSITIVE | SYKE has a high relative strength, it outperformed 83.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.29 | OVERBOUGHT | The high RSI value suggests SYKE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SYKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.93 | OVERBOUGHT | The high Stochastics value suggests SYKE may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SYKE suggests low volalility. |
SYKE Chart- and CandleStick Pattern Analysis
SYKE Example Setup
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 |
|---|---|---|---|
| 54.02 | 53.79 | 0.23 (0.43%) | 25.00% |
| An entry @54.02. This is a Buy Stop order right above the resistance zone. | An exit @53.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 0.43%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
SYKE Technicals: Chart, Performance Metrics, Trend & Indicators
54
+0.02 (+0.04%)
Sykes Enterprises / SYKE TA FAQ
What is the ChartMill technical rating of Sykes Enterprises (SYKE) stock?
ChartMill assigns a technical rating of 10 / 10 to SYKE.
Can you provide the trend direction for Sykes Enterprises?
The current trend direction for Sykes Enterprises (SYKE) is Bullish.
Can you provide the RSI signal for Sykes Enterprises?
Sykes Enterprises (SYKE) has an RSI value of 74.2942. This indicates that the stock is currently overbought.
What is the MACD signal for Sykes Enterprises (SYKE) stock?
The MACD indicator for Sykes Enterprises (SYKE) has a value of -0.105076, indicating a bearish trend.
What are the support and resistance levels for Sykes Enterprises (SYKE) stock?
Sykes Enterprises (SYKE) has a support level at 53.88 and a resistance level at 54.01. Check the full technical report for our detailed analysis of SYKE support and resistance levels.