Synchrony Technical Analysis (NYSE:SYF)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Synchrony stock price movements is formed, the SYF 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 Synchrony. Technical analysis uses an approach for Synchrony stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Synchrony Moving Average:
SYF 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 Synchrony chart patterns after the calculations remain the same. The 100 day moving average of 29.88 is below the last closing price of 30.07. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer SYF stock price movement for the moving average to change course.
Synchrony Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Synchrony. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Synchrony bollinger bands show that the stock price is $30.07, upper band is 26.34, lower band is 21.72, and the average is 24.03.
Synchrony 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 Synchrony MACD indicator is above 0 indicating a bullish trend.
Synchrony Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SYF stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .