SYNAPTICS INC (SYNA) Stock Technical Analysis
USA - NASDAQ:SYNA - US87157D1090 - Common Stock
We assign a technical rating of 7 out of 10 to SYNA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SYNA is only an average performer.
SYNA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 71.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.88, a Stop Loss order could be placed below this zone.
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58.07
We found 5 important support areas.
- A support zone ranging from 68.22 to 69.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.67 from a horizontal line in the daily time frame.
- A support zone ranging from 63.66 to 64.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.02 to 62.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.66 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 71.16 to 72.53. 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 | UP | POSITIVE | The long term trend for SYNA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYNA is neutral. |
| ChartMill Relative Strength | 62.5 | 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) | UP | POSITIVE | The current price of SYNA is above the rising 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) | 52.89 | NEUTRAL | The RSI value for SYNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SYNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.91 | NEUTRAL | The Stochastics value for SYNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for SYNA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.18 | NEGATIVE | The low ADX value for SYNA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 72.54 | 68.21 | 4.33 (5.97%) | 16.75% |
| An entry @72.54. This is a Buy Stop order right above the resistance zone. | An exit @68.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.33 points, which is 5.97%. | When investing 16.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
70.94
+0.5 (+0.71%)
SYNAPTICS INC / SYNA FAQ
What is the technical rating for SYNA stock?
ChartMill assigns a technical rating of 7 / 10 to SYNA.
What is the trend direction for SYNA stock?
The current trend direction for SYNAPTICS INC (SYNA) is Bullish.
What is the RSI signal for SYNA stock?
SYNAPTICS INC (SYNA) has an RSI value of 52.8913. 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.