SYNEOS HEALTH INC (SYNH) Stock Technical Analysis
NASDAQ:SYNH - Nasdaq - US87166B1026 - Common Stock - Currency: USD
Taking everything into account, SYNH scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SYNH is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SYNH is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry. SYNH outperforms 72% of them.
SYNH has an average volume of 1354900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SYNH turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
SYNH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SYNH is lagging the market slightly.
In the last month SYNH has a been trading in a tight range between 42.60 and 43.64.
Volume is considerably higher in the last couple of days.
Although SYNH has an excellent technical rating, the quality of the presented setup is 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
41.10
43.42
2 important support areas can be observed.
- A support zone ranging from 42.36 to 42.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.99 to 42.99. 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 SYNH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYNH is up. |
| ChartMill Relative Strength | 45.73 | NEUTRAL | SYNH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYNH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYNH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYNH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.61 | OVERBOUGHT | The high RSI value suggests SYNH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SYNH has a positive trend. |
| Stochastics (14,3) | 22.34 | NEUTRAL | The Stochastics value for SYNH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SYNH suggests low volalility. |
| Average Directional Index/ADX (14) | 55.92 | POSITIVE | The high ADX value value for SYNH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 43.00 | 42.71 | 0.29 (0.67%) | 25.00% |
| An entry @43.00. This is a Buy Stop order right above the resistance zone. | An exit @42.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 0.67%. | For a 0.17% total portfolio risk, you can invest 25.00% 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.
42.98
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.02%
1 Week0.47%
2 Weeks0.49%
1 Month0.7%
3 Month1.99%
6 Month20.66%
12 Month-8.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.3%
ATR Inc1.34%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.73
Mansfield0.55
10 Day High42.99
10 Day Low42.72
20 Day High43.64
20 Day Low42.61
52 Week High52.23
52 Week Low22.89
CS1 End42.81
CR1 Start42.99
Volume & EV
DER(3)-0.52%
DER(5)0.58%
Volume7.39M
Volume Incr140.77%
Vol(5)2.83M
Vol(50)1.35M