The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Sysco Corp. (SYY) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :The period of low volatility of the stock price
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It was a second consecutive positive week for the Sysco Corp. (SYY). During the week, the SYY climbed 0.36 points, or 0.45%, and closed at 80.92 on Friday, March 15, 2024. Weekly volume was -14% below average.

Long-term trend: [See SYY long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 91.53 and reached 62.24 on October 6, 2023. SYY lost 29.29 points, or 32.00%, in 76 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (58.61) is broken. A broken support is considered to be a long-term bullish signal. 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 SYY medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 62.24 and reached 82.89 on February 2, 2024. SYY gained -20.65 points, or -33.18%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.23) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See SYY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See SYY short-term trend chart]
A short-term uptrend had started on March 6, 2024 at 79.03 and reached 80.94 on March 15, 2024. SYY gained -1.91 points, or -2.42%, in 9 days. Price is near the trend high.

Daily Technical Indicators: [See SYY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 12, 2024. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 3.02% on Friday. It is 60.11% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.59
Williams' Percentage Range (W%R) 70.00
Lane's Stochastic (%D-Slow) 63.93
Greed/Fear Indicator (GFI) 48.18
Moving Average Converg./Diverg. (MACD) 0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.06
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 70.67
Greed/Fear Indicator (GFI) 72.40
Moving Average Converg./Diverg. (MACD) 1.61
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 82.83
Quarterly Trendline Support 82.23
Upper Bollinger Band 81.18
Price 80.92
Monthly Trendline Resistance 80.64
Weekly Stochastic Crossing 80.54
Daily Stochastic Crossing 80.37
20 Day Moving Average 80.17
Parabolic System 79.64
Monthly Trendline Support 79.34
Lower Bollinger Band 78.73
50 Day Moving Average 78.52
Yearly Trendline Resistance 75.96
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Food Distributors 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.67
Low Date 03/14/2024
High 80.94
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.03
Low Date 03/06/2024
High 80.94
High Date 03/15/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 80.64
Support 79.34
High 82.89
High Date 02/02/2024
Low 78.36
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 82.83
Support 82.23
Low 62.24
Low Date 10/06/2023
High 82.89
High Date 02/02/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 75.96
Support 58.61
High 91.53
High Date 04/21/2022
Low 62.24
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.