SYNEOS HEALTH INC (SYNH) Stock Technical Analysis
USA - NASDAQ:SYNH - US87166B1026 - Common Stock
Taking everything into account, SYNH scores 7 out of 10 in our technical rating. Although SYNH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
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41.10
We found 2 important support areas.
- 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. |
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 trade has a worst case loss of 0.29 points, which is 0.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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%)
SYNEOS HEALTH INC / SYNH FAQ
What is the ChartMill technical rating of SYNEOS HEALTH INC (SYNH) stock?
ChartMill assigns a technical rating of 7 / 10 to SYNH.
Can you provide the trend direction for SYNEOS HEALTH INC?
The current trend direction for SYNEOS HEALTH INC (SYNH) is Bullish.
Can you provide the RSI signal for SYNEOS HEALTH INC?
SYNEOS HEALTH INC (SYNH) has an RSI value of 72.6096. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SYNEOS HEALTH INC?
The MACD indicator for SYNEOS HEALTH INC (SYNH) has a value of 0.00862374, indicating a bearish trend.
Can you provide the support and resistance levels for SYNEOS HEALTH INC?
SYNEOS HEALTH INC (SYNH) has a support level at 42.81 and a resistance level at 42.99. Check the full technical report for our detailed analysis of SYNH support and resistance levels.