SYNALLOY CORP (SYNL) Technical Analysis
NASDAQ:SYNL • US8715651076
Current stock price
SYNL Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to SYNL. 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. On top of that, SYNL also shows a nice and consistent pattern of rising prices.
- 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 an average performer in the Metals & Mining industry, it outperforms 53% of 157 stocks in the same industry.
- 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 Weekly and Daily overview Charts
SYNL Setup Rating and Analysis
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
SYNL Support and Resistance Analysis
12.87
We found 1 important support 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.
SYNL 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 | 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. |
SYNL Chart- and CandleStick Pattern Analysis
SYNL Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SYNL (8/10/2022, 8:14:51 PM)
15.57
+2.29 (+17.24%)
SYNALLOY CORP / SYNL TA FAQ
What is the ChartMill technical rating of SYNALLOY CORP (SYNL) stock?
ChartMill assigns a technical rating of 5 / 10 to SYNL.
What is the current trend direction of SYNALLOY CORP (SYNL) stock?
The current trend direction for SYNALLOY CORP (SYNL) is Bearish.
What is the RSI signal for SYNALLOY CORP (SYNL) stock?
SYNALLOY CORP (SYNL) has an RSI value of 68.2419. This indicates that the stock is currently neutral.
What is the short term momentum for SYNL stock?
The short term momentum for SYNALLOY CORP (SYNL) is neutral.
What are the support and resistance levels for SYNALLOY CORP (SYNL) stock?
SYNALLOY CORP (SYNL) has a support level at 13 and a resistance level at 16.54. Check the full technical report for our detailed analysis of SYNL support and resistance levels.