The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 6/18/2026 -
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Synchrony Financial (SYF) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 75.14
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
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It was a second consecutive positive week for the Synchrony Financial (SYF). During the week, the SYF gained 1.90 points, or 2.59%, and closed at 75.26 on Thursday, June 18, 2026. Weekly volume was 17% 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 May 4, 2023 at 26.59 and reached 88.77 on January 9, 2026. SYF gained -62.18 points, or -233.85%, in 140 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 49.27 and resistance is at 96.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See SYF medium-term trend chart]
A medium-term downtrend had started on January 9, 2026 at 88.77 and reached 63.08 on March 12, 2026. SYF lost 25.69 points, or 28.94%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (75.14). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SYF weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 12, 2026 at 63.08 and reached 80.22 on April 21, 2026. SYF gained -17.14 points, or -27.17%, in 40 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (69.38) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since June 10, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.59
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 81.87
Overbought
Greed/Fear Indicator (GFI) 74.98
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.77
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 40.28
Greed/Fear Indicator (GFI) 56.17
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Upper Bollinger Band 76.07
Price 75.26
Monthly Trendline Resistance 75.14
Daily Stochastic Crossing 75.08
50 Day Moving Average 73.37
Weekly Stochastic Crossing 72.49
Parabolic System 72.38
20 Day Moving Average 72.01
Monthly Trendline Support 70.50
Weekly Trendline Support 69.38
Lower Bollinger Band 69.17
Weekly Trendline Resistance 69.04
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Consumer Finance 66
Daily Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
High 80.22
High Date 04/21/2026
Low 68.32
Low Date 05/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 69.04
Support 69.38
Low 63.08
Low Date 03/12/2026
High 80.22
High Date 04/21/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 75.14
Support 70.50
High 88.77
High Date 01/09/2026
Low 63.08
Low Date 03/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 96.88
Support 49.27
Low 26.59
Low Date 05/04/2023
High 88.77
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.15
Low Date 03/18/2020
High 88.77
High Date 01/09/2026
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.