SYNAPTICS INC (SYNA) Stock Technical Analysis
USA - NASDAQ:SYNA - US87157D1090 - Common Stock
We assign a technical rating of 3 out of 10 to SYNA. In the last year, SYNA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, SYNA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 70.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.81, a Stop Loss order could be placed below this zone.
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58.07
4 important support areas can be observed.
- A support zone ranging from 68.22 to 69.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.20 to 65.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.02 from a horizontal line in the weekly time frame.
- Support @58.66 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 70.70 to 72.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.35 to 75.49. 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 SYNA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYNA is neutral. |
| ChartMill Relative Strength | 36.54 | NEUTRAL | SYNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SYNA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SYNA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.87 | NEUTRAL | The RSI value for SYNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SYNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.98 | NEUTRAL | The Stochastics value for SYNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SYNA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for SYNA suggests a weak or negative trend. |
70.17
+2.33 (+3.43%)
SYNAPTICS INC / SYNA FAQ
What is the technical rating for SYNA stock?
ChartMill assigns a technical rating of 3 / 10 to SYNA.
What is the trend direction for SYNA stock?
The current trend direction for SYNAPTICS INC (SYNA) is Bearish.
What is the RSI signal for SYNA stock?
SYNAPTICS INC (SYNA) has an RSI value of 50.8727. This indicates that the stock is currently neutral.
What is the short term momentum for SYNAPTICS INC (SYNA) stock?
The short term momentum for SYNAPTICS INC (SYNA) is neutral.