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Uptrend SupportArchive - 3/15/2024 - Sign In to see current Signals. |
Sysco Corp. (SYY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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