SPYRE THERAPEUTICS INC (SYRE) Stock Technical Analysis
NASDAQ:SYRE - Nasdaq - US00773J2024 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SYRE. In the past year, SYRE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
83% of all other stocks performed better in the past year than SYRE.
SYRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
SYRE is an average performer in the Biotechnology industry, it outperforms 52% of 553 stocks in the same industry.
In the last month SYRE has a been trading in the 14.97 - 18.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SYRE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
14.86
33.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.97 to 16.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.31 from a horizontal line in the daily time frame.
- Support @15.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @17.48 from a trend line in the daily time frame.
- Resistance @17.79 from a horizontal line in the weekly time frame.
- Resistance @18.56 from a horizontal line in the daily time frame.
- Resistance @19.02 from a horizontal line in the daily time frame.
- Resistance @33.10 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SYRE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYRE is up. |
| ChartMill Relative Strength | 17.57 | NEGATIVE | SYRE has a low relative strength, it was outperformed by 82.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SYRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.32 | NEUTRAL | The RSI value for SYRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SYRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.32 | NEUTRAL | The Stochastics value for SYRE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for SYRE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for SYRE suggests a weak or negative trend. |
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)
17.29
+0.52 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.1%
1 Week-2.92%
2 Weeks6.73%
1 Month11.62%
3 Month14.43%
6 Month-24.79%
12 Month-33.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%5.77%
ATR Inc-16.07%
Range Today0.92
ADR(20)0.98
ADR(20)%5.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.57
Mansfield-2.83
10 Day High18.31
10 Day Low16.08
20 Day High18.31
20 Day Low14.97
52 Week High40.26
52 Week Low10.91
CS1 End16.11
CR1 Start17.48
Volume & EV
DER(3)-2.2%
DER(5)-1.57%
Volume884.50K
Volume Incr11.77%
Vol(5)676.96K
Vol(50)560.88K