SYMANTEC CORP (SYMC) Stock Technical Analysis
NASDAQ:SYMC - Nasdaq -
We assign a technical rating of 5 out of 10 to SYMC. In the last year, SYMC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SYMC 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 SYMC is lagging the market slightly.
In the last month SYMC has a been trading in the 22.60 - 24.03 range, which is quite wide. It is currently trading near the high of this range.
SYMC has an average volume of 5104890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, SYMC outperforms 52% of them, which is more or less in line with the market.
SYMC has an average technical rating and the quality of the presented setup is also not ideal 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
18.83
26.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.69 to 23.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.02 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @23.81 from a trend line in the daily time frame.
- A resistance zone ranging from 24.72 to 24.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 25.57 to 25.80. 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 SYMC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYMC is neutral. |
| ChartMill Relative Strength | 52.49 | NEUTRAL | SYMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for SYMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SYMC has a positive trend. |
| Stochastics (14,3) | 57.34 | NEUTRAL | The Stochastics value for SYMC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for SYMC suggests low volalility. |
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)
23.75
+0.34 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.45%
1 Week3.94%
2 Weeks2.9%
1 Month1.19%
3 Month3.31%
6 Month22.49%
12 Month6.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%1.66%
ATR Inc71.95%
Range Today0.65
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.49
Mansfield-0.13
10 Day High24.03
10 Day Low22.6
20 Day High24.03
20 Day Low22.6
52 Week High26.07
52 Week Low17.43
CS1 End23.54
CR1 Start23.81
Volume & EV
DER(3)3.58%
DER(5)2.16%
Volume8.13M
Volume Incr47.65%
Vol(5)5.68M
Vol(50)5.10M