Syntel Technical Analysis (NASDAQ:SYNT)
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. The SYNT stock chart pattern can give those who understand technical analysis an indication of which way SYNT stock is headed, but cannot predict with 100% certainty as to what can happen to the Syntel stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Syntel. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Syntel stock analysis.
Syntel Moving Average
Moving averages show the average price of SYNT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $27.09 is below the last closing price of $27.1 and the 50 day moving average of $24.61 is below the last closing price of $27.1. The 10 and 20 day periods can predict short term moving average trends.
Syntel Bollinger Bands
Bollinger bands comprise of a center line usually SYNT SMA, and two SYNT stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Syntel bollinger bands.
Syntel Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Syntel MACD indicator is below 0 indicating a bearish trend.
Syntel Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 63.22 is the RSI value of SYNT stock.