SYNALLOY CORP (SYNL)

US8715651076 - Common Stock

15.57  +2.29 (+17.24%)

Technical Rating and Analysis

6

Taking everything into account, SYNL scores 6 out of 10 in our technical rating. Although SYNL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Warning: SYNL has an average volume of 22360 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that SYNL is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, SYNL also shows a nice and consistent pattern of rising prices.
SYNL is part of the Metals & Mining industry. There are 154 other stocks in this industry. SYNL outperforms 86% of them.
In the last month SYNL has a been trading in the 12.04 - 15.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
SYNL 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 SYNL is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
SYNL Weekly chart
SYNL Daily chart
Setup Rating and Analysis

1

SYNL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

12.87

17.83

When analyzing the support we notice one important area.

  • Support @13.00 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 16.54 to 16.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 17.63 to 17.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.1
Mansfield0.97
10 Day High15.75
10 Day Low12.35
20 Day High15.75
20 Day Low12.04
52 Week High19.2
52 Week Low10.16
Performance
1 Week19.68%
2 Weeks17.33%
1 Month18.31%
3 Month-1.02%
6 Month-9.48%
12 Month42.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.2
RSI(14)68.24
LBB12.18
UBB14.77
SYNL Daily chart

SYNALLOY CORP

NASDAQ:SYNL (8/10/2022, 7:14:51 PM)

15.57

+2.29 (+17.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg17.24%
1 Week19.68%
2 Weeks17.33%
1 Month18.31%
3 Month-1.02%
6 Month-9.48%
12 Month42.71%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.71
ATR(20)%4.26%
ATR Inc
Range Today0.53
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High15.75
10 Day Low12.35
20 Day High15.75
20 Day Low12.04
52 Week High19.2
52 Week Low10.16
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume47.00K
Volume Incr164.46%
Vol(5)44.68K
Vol(50)22.36K