SYNAPTICS INC (SYNA) Stock Technical Analysis
NASDAQ:SYNA - US87157D1090 - Common Stock
Taking everything into account, SYNA scores 6 out of 10 in our technical rating. In the last year, SYNA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SYNA does present a nice setup opportunity. 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 68.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.67, a Stop Loss order could be placed below this zone.
More info and screens
58.07
We found 5 important support areas.
- A support zone ranging from 64.50 to 65.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.84 from a trend line in the weekly time frame.
- Support @61.72 from a trend line in the daily time frame.
- A support zone ranging from 59.70 to 60.47. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.33 to 70.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.39 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SYNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYNA is up. |
| ChartMill Relative Strength | 28.16 | NEGATIVE | SYNA has a low relative strength, it was outperformed by 71.84% off all stocks 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 | NEGATIVE | The current price of SYNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for SYNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SYNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.51 | NEUTRAL | The Stochastics value for SYNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SYNA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.71 | 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 |
|---|---|---|---|
| 70.13 | 64.49 | 5.64 (8.04%) | 12.43% |
| An entry @70.13. This is a Buy Stop order right above the resistance zone. | An exit @64.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.64 points, which is 8.04%. | For a 1.00% total portfolio risk, you can invest 12.43% of your capital in this trade. |
- 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.
66.32
-0.44 (-0.66%)