We assign a technical rating of 3 out of 10 to SYM. Although SYM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SYM 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.
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52.40
When analyzing the support we notice one important area.
- A support zone ranging from 52.93 to 53.63. 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 SYM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYM is down. |
| ChartMill Relative Strength | 89.97 | POSITIVE | SYM has a high relative strength, it outperformed 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SYM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.52 | NEUTRAL | The RSI value for SYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.29 | NEGATIVE | The MACD value suggests SYM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.38 | OVERSOLD | The low Stochastics value suggests SYM may be oversold. |
| Average True Range in percent/ATR (20) | 10.96 | HIGH VOLATILITY | The high ATR as a percentage value for SYM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for SYM suggests a possible start of a new trend. |
53.64
-1.08 (-1.97%)
SYMBOTIC INC / SYM FAQ
Can you provide the ChartMill technical rating for SYMBOTIC INC?
ChartMill assigns a technical rating of 3 / 10 to SYM.
What is the current trend direction of SYMBOTIC INC (SYM) stock?
The current trend direction for SYMBOTIC INC (SYM) is Bearish.
What is the RSI signal for SYMBOTIC INC (SYM) stock?
SYMBOTIC INC (SYM) has an RSI value of 35.5203. This indicates that the stock is currently neutral.
What is the MACD signal for SYMBOTIC INC (SYM) stock?
The MACD indicator for SYMBOTIC INC (SYM) has a value of -2.28733, indicating a bearish trend.
What are the support and resistance levels for SYMBOTIC INC (SYM) stock?
SYMBOTIC INC (SYM) has a support level at 53.63. Check the full technical report for our detailed analysis of SYM support and resistance levels.