SPYRE THERAPEUTICS INC (SYRE) Stock Technical Analysis
NASDAQ:SYRE • US00773J2024
Taking everything into account, SYRE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SYRE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SYRE is one of the better performing stocks in the market, outperforming 95% of all stocks.
- SYRE is part of the Biotechnology industry. There are 521 other stocks in this industry. SYRE outperforms 88% of them.
- SYRE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SYRE has a been trading in the 30.92 - 43.56 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SYRE has an excellent technical rating, it does not present a decent entry opportunity 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
32.72
We found 1 important support area.
- A support zone ranging from 33.05 to 33.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 SYRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYRE is up. |
| ChartMill Relative Strength | 95.94 | POSITIVE | SYRE has a high relative strength, it outperformed 95.94% 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) | UP | POSITIVE | The current price of SYRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.95 | OVERBOUGHT | The high RSI value suggests SYRE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests SYRE has a positive trend. |
| Stochastics (14,3) | 90.95 | OVERBOUGHT | The high Stochastics value suggests SYRE may be overbought. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for SYRE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for SYRE suggests a weak or negative trend. |
43.21
+5.4 (+14.28%)
SPYRE THERAPEUTICS INC / SYRE FAQ
What is the ChartMill technical rating of SPYRE THERAPEUTICS INC (SYRE) stock?
ChartMill assigns a technical rating of 10 / 10 to SYRE.
What is the current trend direction of SPYRE THERAPEUTICS INC (SYRE) stock?
The current trend direction for SPYRE THERAPEUTICS INC (SYRE) is Bullish.
Can you provide the RSI signal for SPYRE THERAPEUTICS INC?
SPYRE THERAPEUTICS INC (SYRE) has an RSI value of 76.9483. This indicates that the stock is currently overbought.
What is the buy/sell signal for SPYRE THERAPEUTICS INC (SYRE) stock?
The buy/sell signal for SPYRE THERAPEUTICS INC (SYRE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SPYRE THERAPEUTICS INC?
SPYRE THERAPEUTICS INC (SYRE) has a support level at 33.55. Check the full technical report for our detailed analysis of SYRE support and resistance levels.