SYNX Technical Analysis - SILYNXCOM LTD

Technical Rating and Analysis

Taking everything into account, SYNX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SYNX was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, SYNX is a bad performer in the overall market: 89% of all stocks are doing better.

SYNX is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, of which 88% are performing better than SYNX.

SYNX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SYNX has a been trading in the 1.37 - 1.77 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 term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SYNX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.46, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.45

1.72

When analyzing the support we notice one important area.

A support zone ranging from 1.46 to 1.46. This zone is formed by a combination of multiple trend lines in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.66 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.70 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for SYNX is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SYNX is up.
ChartMill Relative Strength	11.76	NEGATIVE	SYNX has a low relative strength, it was outperformed by 88.24% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SYNX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SYNX is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SYNX is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.2	NEUTRAL	The RSI value for SYNX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SYNX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.73	NEUTRAL	The Stochastics value for SYNX is a neutral value.
Average True Range in percent/ATR (20)	6.28	HIGH VOLATILITY	The high ATR as a percentage value for SYNX suggests high volalility.
Average Directional Index/ADX (14)	14.3	NEGATIVE	The low ADX value for SYNX suggests a weak or negative trend.