Investing in the diverse sectors of Hi-tech, Consumer, and Finance, the Swing Trader has enjoyed substantial gains as it reaps an impressive 11.85% from SYNA. A well-diversified portfolio that spans various sectors is a key tool to ride out volatility and gain from growth across different industries. And this strategy seems to be paying off handsomely for SYNA's investors.
This diversified strategy has resulted in SYNA experiencing an upward trend, with its 10-day moving average crossing above its 50-day moving average on June 30, 2023. For the uninitiated, a moving average is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random price fluctuations.
The crossing of a shorter-term moving average (10 days) above a longer-term moving average (50 days) is often viewed as a bullish signal by market participants. It indicates that the trend has shifted to the upside, providing a potential buy signal. This can suggest the beginning of a sustained upward move and is thus a valuable piece of information for both short-term and long-term investors.
The bullish trend witnessed in SYNA's case is far from an anomaly. On 13 out of 14 past instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to appreciate over the next month. Statistically, this presents a formidable 90% chance of a continued upward trajectory, giving potential investors strong optimism.
The present climate for SYNA, as shown by its moving averages, signals that the trend is favoring the bulls. Given its strong past performance and the 90% odds of a continued upward trend, SYNA provides an exciting opportunity for investors interested in the Hi-tech, Consumer, and Financial sectors.
The cross of the 10-day moving average above the 50-day moving average suggests that this might be an opportune moment for investors to consider SYNA. The upward trend, supported by historical data, offers a positive outlook and an excellent chance to participate in the diversified success of the Hi-tech, Consumer, and Financial sectors.
The swing trading approach of SYNA has proven its worth, providing lucrative opportunities for those who had the foresight to ride along. With the current signals indicating more potential upside, it seems the sky's the limit for this diversified investment strategy.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SYNA declined for three days, in of 300 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SYNA as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SYNA turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .
SYNA moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SYNA crossed bearishly below the 50-day moving average on August 25, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for SYNA entered a downward trend on September 18, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where SYNA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SYNA advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
SYNA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.589) is normal, around the industry mean (7.984). P/E Ratio (45.045) is within average values for comparable stocks, (53.953). SYNA's Projected Growth (PEG Ratio) (0.512) is slightly lower than the industry average of (2.360). SYNA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (2.447) is also within normal values, averaging (72.684).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SYNA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SYNA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a devloper of human interface product solutions
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A.I.dvisor indicates that over the last year, SYNA has been closely correlated with COHU. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if SYNA jumps, then COHU could also see price increases.