Syntel, Inc. (SYNT) Stock Technical Analysis
NASDAQ:SYNT - Nasdaq - US87162H1032
We assign a technical rating of 10 out of 10 to SYNT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SYNT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SYNT is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, SYNT also shows a nice and consistent pattern of rising prices.
SYNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SYNT has a been trading in a tight range between 40.91 and 41.06.
SYNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 40.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.22
41.41
3 important support areas can be observed.
- A support zone ranging from 39.65 to 40.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.14 from a trend line in the weekly time frame.
- Support @27.49 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.00 to 41.00. 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 SYNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYNT is up. |
| ChartMill Relative Strength | 97.69 | POSITIVE | SYNT has a high relative strength, it outperformed 97.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.24 | OVERBOUGHT | The high RSI value suggests SYNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SYNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for SYNT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for SYNT suggests low 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)
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 |
|---|---|---|---|
| 41.01 | 40.94 | 0.07 (0.17%) | 25.00% |
| An entry @41.01. This is a Buy Stop order right above the resistance zone. | An exit @40.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.17%. | For a 0.04% 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.
40.99
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.02%
1 Week0.1%
2 Weeks0.1%
1 Month0.17%
3 Month7.87%
6 Month62.14%
12 Month111.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.11%
ATR Inc-36.84%
Range Today0.03
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
CRS97.69
Mansfield2.85
10 Day High41.06
10 Day Low40.95
20 Day High41.06
20 Day Low40.91
52 Week High41.06
52 Week Low18.82
CS1 End40.97
CR1 Start41
Volume & EV
DER(3)-2.58%
DER(5)-1.77%
Volume1.86M
Volume Incr52.34%
Vol(5)841.54K
Vol(50)689.33K