SYMANTEC CORP (SYMC) Technical Analysis
NASDAQ:SYMC
Taking everything into account, SYMC scores 5 out of 10 in our technical rating. SYMC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- SYMC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SYMC is performing more or less in line with the market.
- 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, SYMC turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
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
We found 2 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
SYMC Technicals: Chart, Performance Metrics, Trend & Indicators
23.75
+0.34 (+1.45%)
SYMANTEC CORP / SYMC FAQ
Can you provide the ChartMill technical rating for SYMANTEC CORP?
ChartMill assigns a technical rating of 5 / 10 to SYMC.
What is the trend direction for SYMC stock?
The current trend direction for SYMANTEC CORP (SYMC) is Bearish.
What is the RSI signal for SYMC stock?
SYMANTEC CORP (SYMC) has an RSI value of 58.6. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SYMANTEC CORP?
The short term momentum for SYMANTEC CORP (SYMC) is neutral.
What is the support and resistance level for SYMC stock?
SYMANTEC CORP (SYMC) has a support level at 23.54 and a resistance level at 23.81. Check the full technical report for our detailed analysis of SYMC support and resistance levels.