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Archive
- 11/8/2024 -
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Synchrony Financial (SYF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Synchrony Financial (SYF). During the week, the SYF gained 8.54 points, or 15.46%, and closed at 63.79 on Friday, November 8, 2024. Weekly volume was 50% above average.
SYF is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SYF long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 12.15 and reached 67.76 on November 6, 2024. SYF gained -55.61 points, or -457.70%, in 242 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (36.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See SYF medium-term trend chart]
A medium-term uptrend had started on May 4, 2023 at 26.59 and reached 67.76 on November 6, 2024. SYF gained -41.17 points, or -154.83%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (47.29) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See SYF weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See SYF short-term trend chart]
A short-term uptrend had started on August 5, 2024 at 41.99 and reached 67.76 on November 6, 2024. SYF gained -25.77 points, or -61.37%, in 93 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (55.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See SYF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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