SYMBOTIC INC (SYM) Stock Technical Analysis
NASDAQ:SYM - Nasdaq - US87151X1019 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SYM. SYM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
In the last month SYM has a been trading in the 26.58 - 31.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SYM has an average volume of 1296490 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, SYM outperforms 56% of them, which is more or less in line with the market.
SYM is part of the Machinery industry. There are 128 other stocks in this industry, SYM did better than 58% of them.
SYM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SYM is lagging the market slightly.
Although the technical rating is only medium, SYM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.81. Right above this resistance zone may be a good entry point.
More info and screens
17.68
39.58
We found 3 important support areas.
- A support zone ranging from 27.96 to 27.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.12 from a horizontal line in the daily time frame.
- A support zone ranging from 17.86 to 17.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 29.81 to 29.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.71 to 30.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @31.91 from a trend line in the weekly time frame.
- Resistance @33.19 from a trend line in the weekly time frame.
- Resistance @39.19 from a horizontal line in the weekly time frame.
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 SYM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYM is neutral. |
| ChartMill Relative Strength | 56.58 | NEUTRAL | SYM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SYM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYM is above 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) | 51.65 | NEUTRAL | The RSI value for SYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests SYM has a negative trend. |
| Stochastics (14,3) | 25.12 | NEUTRAL | The Stochastics value for SYM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for SYM suggests high volalility. |
| Average Directional Index/ADX (14) | 27.43 | POSITIVE | The high ADX value value for SYM suggests a strong 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)
27.97
-0.04 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.14%
1 Week-6.17%
2 Weeks-2.44%
1 Month3.82%
3 Month29.19%
6 Month4.09%
12 Month-20.7%
2 Year-34.66%
3 Year154.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%5.39%
ATR Inc-10.64%
Range Today1.08
ADR(20)1.41
ADR(20)%5.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.58
Mansfield0.03
10 Day High31.11
10 Day Low27.26
20 Day High31.4
20 Day Low26.58
52 Week High41.76
52 Week Low16.32
CS1 End27.96
CR1 Start29.81
Volume & EV
DER(3)2.7%
DER(5)0.22%
Volume1.13M
Volume Incr2.72%
Vol(5)1.31M
Vol(50)1.30M