Stock Analysis: Technical Breakout Setups

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to SNY. SNY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that SNY is one of the better performing stocks in the market, outperforming 84% of all stocks.

SNY is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 84% of 193 stocks in the same industry.

SNY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SNY is performing more or less in line with the market.

SNY has an average volume of 2435620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month SNY has a been trading in a tight range between 52.69 and 55.20.

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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

Although SNY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

45.72

57.08

When analyzing the support we can see 2 important areas.

A support zone ranging from 52.39 to 53.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 46.18 to 48.14. This zone is formed by a combination of multiple trend lines in multiple time frames.