Syngenta Technical Analysis (NYSE:SYT)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future Syngenta stock price movements is formed, the SYT stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Syngenta. Technical analysis uses an approach for Syngenta stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Syngenta Moving Average:
SYT stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Syngenta chart patterns after the calculations remain the same. The 100 day moving average of 82.37 is below the last closing price of 87.2. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $87.05 is below the price of $87.2.
Syngenta Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Syngenta. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Syngenta bollinger bands.
Syngenta Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Syngenta MACD indicator is below 0 indicating a bearish trend.
Syngenta Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 56.5 is the RSI value of SYT stock. .