Sysco Technical Analysis (NYSE:SYY)
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. Just by looking at the Sysco stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SYY stock chart which creates a trading signal.
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 Sysco. Technical analysis uses an approach for Sysco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sysco Moving Average
Moving averages help predict the price direction of SYY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $59.92 is below the price of $60.18.
Sysco Bollinger Bands
Bollinger bands comprise of a center line usually SYY SMA, and two SYY 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. Sysco bollinger bands show that the stock price is $60.18, upper band is 61.27, lower band is 58.57, and the average is 59.92.
Sysco 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 Sysco MACD line is below the signal line.
Sysco Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SYY stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.