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Archive
- 4/26/2024 -
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Sysco Corp. (SYY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the Sysco Corp. (SYY). During the week, the SYY climbed 0.34 points, or 0.44%, and closed at 77.07 on Friday, April 26, 2024. Weekly volume was -18% 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 (57.66) 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 downtrend had started on February 2, 2024 at 82.89 and reached 74.66 on April 17, 2024. SYY lost 8.23 points, or 9.93%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 74.07 and resistance is at 82.01. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See SYY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. 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 April 17, 2024 at 74.66 and reached 77.95 on April 25, 2024. SYY gained -3.29 points, or -4.41%, in 8 days. The price is now at the 26.75% retracement level.
Daily Technical Indicators: [See SYY 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
7 |
| Industry |
Food Distributors |
41 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
77.95 |
| High Date |
04/25/2024 |
| Low |
76.56 |
| Low Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
74.66 |
| Low Date |
04/17/2024 |
| High |
77.95 |
| High Date |
04/25/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
82.01 |
| Support |
74.07 |
| High |
82.89 |
| High Date |
02/02/2024 |
| Low |
74.66 |
| Low Date |
04/17/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
62.24 |
| Low Date |
10/06/2023 |
| High |
82.89 |
| High Date |
02/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
75.01 |
| Support |
57.66 |
| High |
91.53 |
| High Date |
04/21/2022 |
| Low |
62.24 |
| Low Date |
10/06/2023 |
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