SYNALLOY CORP (SYNL) Stock Technical Analysis
NASDAQ:SYNL - Nasdaq - US8715651076 - Common Stock - Currency: USD
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.
Looking at the yearly performance, SYNL did better than 92% of all other stocks. We also observe that the gains produced by SYNL over the past year are nicely spread over this period.
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 part of the Metals & Mining industry. There are 154 other stocks in this industry, SYNL did better than 67% of them.
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.
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.
More info and screens
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.
We can see 2 important resistance 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.
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 SYNL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYNL is neutral. |
| ChartMill Relative Strength | 92.1 | POSITIVE | SYNL has a high relative strength, it outperformed 92.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYNL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SYNL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYNL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.24 | NEUTRAL | The RSI value for SYNL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SYNL has a positive trend. |
| Stochastics (14,3) | 67.93 | NEUTRAL | The Stochastics value for SYNL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SYNL suggests some volalility. |
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)
NASDAQ:SYNL (8/10/2022, 8:14:51 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 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%4.26%
ATR Inc176.78%
Range Today0.53
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
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
CS1 End13
CR1 Start16.54
Volume & EV
DER(3)0.98%
DER(5)-1.52%
Volume47.00K
Volume Incr164.46%
Vol(5)44.68K
Vol(50)22.36K