SYY Technical Analysis - SYSCO CORP

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SYY. SYY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, SYY is a bad performer in the overall market: 61% of all stocks are doing better.

Warning: SYY has an average volume of 83 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

SYY is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 61% of 22 stocks in the same industry.

SYY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SYY is lagging the market.

In the last month SYY has a been trading in a tight range between 67.25 and 70.93.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

SYY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

58.19

76.76

We found 2 important support areas.

Support @61.26 from a horizontal line in the weekly time frame.
A support zone ranging from 58.78 to 59.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 68.73 to 69.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @71.16 from a horizontal line in the daily time frame.
Resistance @73.73 from a trend line in the weekly time frame.
Resistance @76.00 from a horizontal line in the weekly time frame.

More info

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	UP	POSITIVE	The long term trend for SYY.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SYY.DE is up.
ChartMill Relative Strength	39.16	NEUTRAL	SYY.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SYY.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SYY.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SYY.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	50.14	NEUTRAL	The RSI value for SYY.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests SYY.DE has a negative trend.
Stochastics (14,3)	33.61	NEUTRAL	The Stochastics value for SYY.DE is a neutral value.
Average True Range in percent/ATR (20)	1.46	LOW VOLATILITY	The low ATR as a percentage value for SYY.DE suggests low volalility.
Average Directional Index/ADX (14)	17.42	NEGATIVE	The low ADX value for SYY.DE suggests a weak or negative trend.