SYNCHRONY FINANCIAL (SYF) Stock Technical Analysis
USA - NYSE:SYF - US87165B1035 - Common Stock
Taking everything into account, SYF scores 9 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, SYF is showing a nice and steady performance.
SYF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 76.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.62, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 71.89 to 73.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.25 to 70.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 68.02 to 68.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.81 from a trend line in the weekly time frame.
- Support @44.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.59 to 76.86. This zone is formed by a combination of multiple trend lines 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 SYF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYF is up. |
| ChartMill Relative Strength | 80.66 | POSITIVE | SYF has a high relative strength, it outperformed 80.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for SYF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests SYF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.68 | OVERBOUGHT | The high Stochastics value suggests SYF may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for SYF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for SYF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.87 | 71.88 | 4.99 (6.49%) | 15.40% |
| An entry @76.87. This is a Buy Stop order right above the resistance zone. | An exit @71.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.99 points, which is 6.49%. | When investing 15.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
74.72
-0.24 (-0.32%)
SYNCHRONY FINANCIAL / SYF FAQ
What is the technical rating for SYF stock?
ChartMill assigns a technical rating of 9 / 10 to SYF.
What is the current trend direction of SYNCHRONY FINANCIAL (SYF) stock?
The current trend direction for SYNCHRONY FINANCIAL (SYF) is Bullish.
Can you provide the RSI signal for SYNCHRONY FINANCIAL?
SYNCHRONY FINANCIAL (SYF) has an RSI value of 57.1749. This indicates that the stock is currently neutral.
What is the short term momentum for SYF stock?
The short term momentum for SYNCHRONY FINANCIAL (SYF) is positive.
What is the support and resistance level for SYF stock?
SYNCHRONY FINANCIAL (SYF) has a support level at 73.62 and a resistance level at 76.59. Check the full technical report for our detailed analysis of SYF support and resistance levels.