SYNCHRONY FINANCIAL - Daily - Technical analysis published on 03/21/2021 (GMT)
- 264
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 40.21 USD
My targets
41.59 USD (+1.52%)
44.51 USD (+8.63%)
My analysis
The bullish trend is currently very strong on SYNCHRONY FINANCIAL. As long as the price remains above the support at 40.21 USD, you could try to benefit from the boom. The first bullish objective is located at 41.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44.51 USD as an objective. Crossing it would then enable buyers to target 48.41 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by renierlemmens. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNCHRONY FINANCIAL rating 40.97 USD. On the day, this instrument lost -0.70% with the lowest point at 40.02 USD and the highest point at 41.52 USD. The deviation from the price is +2.37% for the low point and -1.32% for the high point.40.02
41.52
40.97
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SYNCHRONY FINANCIAL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 31.39 | 36.68 | 40.21 | 40.97 |
| Change (%) | -23.38% | -10.47% | -1.86% | - |
| Change | -9.58 | -4.29 | -0.76 | - |
| Level | Intermediate | Major | Major | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.65 | 39.34 | 40.15 | 40.84 | 41.65 | 42.34 | 43.15 |
| Camarilla | 40.56 | 40.70 | 40.83 | 40.97 | 41.11 | 41.25 | 41.38 |
| Woodie | 38.72 | 39.37 | 40.22 | 40.87 | 41.72 | 42.37 | 43.22 |
| Fibonacci | 39.34 | 39.91 | 40.26 | 40.84 | 41.41 | 41.76 | 42.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.87 | 37.94 | 39.46 | 41.53 | 43.05 | 45.12 | 46.64 |
| Camarilla | 39.98 | 40.31 | 40.64 | 40.97 | 41.30 | 41.63 | 41.96 |
| Woodie | 35.59 | 37.80 | 39.18 | 41.39 | 42.77 | 44.98 | 46.36 |
| Fibonacci | 37.94 | 39.32 | 40.16 | 41.53 | 42.91 | 43.75 | 45.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.95 | 30.87 | 34.77 | 37.69 | 41.59 | 44.51 | 48.41 |
| Camarilla | 36.81 | 37.43 | 38.06 | 38.68 | 39.31 | 39.93 | 40.56 |
| Woodie | 28.45 | 31.12 | 35.27 | 37.94 | 42.09 | 44.76 | 48.91 |
| Fibonacci | 30.87 | 33.47 | 35.08 | 37.69 | 40.29 | 41.90 | 44.51 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.42 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | -0.17 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 42.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.61 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 38.70 | |
| Zig ZAG (10): | 40.97 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 70.96 | |
| TEMA (21): | 42.47 | |
| Williams %R (14): | -45.13 | |
| Chande Momentum Oscillator (20): | 0.85 | |
| Repulse (5,40,3): | -1.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 14.44 |
| MA7: | 42.25 | |
| MA20: | 40.60 | |
| MA50: | 38.37 | |
| MA100: | 34.58 | |
| MAexp7: | 41.69 | |
| MAexp20: | 40.64 | |
| MAexp50: | 38.35 | |
| MAexp100: | 35.22 | |
| Price / MA7: | -3.03% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +6.78% | |
| Price / MA100: | +18.48% | |
| Price / MAexp7: | -1.73% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +6.83% | |
| Price / MAexp100: | +16.33% |
Quotes :
2021-03-19 19:59:59
-
15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on SYNCHRONY FINANCIAL at the time of the analysis were as follows:
- Shuman, Glenn & Stecker Investigates Synchrony Financial
- Synchrony to Participate in the KBW Fintech Payments Conference
- Synchrony Announces Quarterly Common Stock Dividend of $0.22 Per Share
- Synchrony Reports Third Quarter Net Earnings of $313 Million or $0.52 Per Diluted Share
- Synchrony to Announce Third Quarter 2020 Financial Results on October 20, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SYNCHRONY FINANCIAL - Daily