Synacor Inc (SYNC) Technical Analysis
NASDAQ:SYNC
Current stock price
SYNC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SYNC. Both in the recent history as in the last year, SYNC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SYNC is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, SYNC also shows a nice and consistent pattern of rising prices.
- SYNC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SYNC has a been trading in a tight range between 2.14 and 2.20.
SYNC Weekly and Daily overview Charts
SYNC Setup Rating and Analysis
Besides having an excellent technical rating, SYNC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SYNC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SYNC Support and Resistance Analysis
1.27
We found 4 important support areas.
- A support zone ranging from 2.17 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.61 from a trend line in the daily time frame.
- Support @1.52 from a trend line in the daily time frame.
- Support @1.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.20 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
SYNC Technical Indicator Signal Analysis
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 SYNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYNC is up. |
| ChartMill Relative Strength | 85.65 | POSITIVE | SYNC has a high relative strength, it outperformed 85.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for SYNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SYNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for SYNC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for SYNC suggests low volalility. |
SYNC Chart- and CandleStick Pattern Analysis
SYNC Example Setup
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 |
|---|---|---|---|
| 2.22 | 2.16 | 0.06 (2.70%) | 25.00% |
| An entry @2.22. This is a Buy Stop order right above the resistance zone. | An exit @2.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- 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.
SYNC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SYNC (3/31/2021, 8:22:49 PM)
2.19
-0.01 (-0.45%)
Synacor Inc / SYNC TA FAQ
What is the ChartMill technical rating of Synacor Inc (SYNC) stock?
ChartMill assigns a technical rating of 10 / 10 to SYNC.
Can you provide the trend direction for Synacor Inc?
The current trend direction for Synacor Inc (SYNC) is Bullish.
What is the RSI signal for Synacor Inc (SYNC) stock?
Synacor Inc (SYNC) has an RSI value of 62.8994. This indicates that the stock is currently neutral.
What is the buy/sell signal for Synacor Inc (SYNC) stock?
The buy/sell signal for Synacor Inc (SYNC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Synacor Inc (SYNC) stock?
Synacor Inc (SYNC) has a support level at 2.19 and a resistance level at 2.2. Check the full technical report for our detailed analysis of SYNC support and resistance levels.