Synovus Financial (SNV, $58.47) price may drop as it broke higher Bollinger Band on Nov 06, 2024

#RegionalBanks, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
SNV - Synovus Financial Corp
Bollinger signal
Bearish Trend
68%
Odds of DOWN Trend
Price: $58.47
Daily change: +$8.69 (+17.46%)
Daily volume: 5.3M
Capitalization: $8.3B
Industry: Regional Banks

This price move could be a signal that SNV may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 47 similar cases where SNV's price broke its higher Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 68%.