SNX TD SYNNEX Corp Chart, History Price & Graph

Key Takeaways

• TD SYNNEX Corporation (SNX) is in a strong uptrend, with shares rising approximately 37% over the last 30 days and nearly 40% in the past quarter.
• Price is trading near all-time highs around $213, well above key moving averages including the 50-day at $203 and 200-day at $173.
• RSI(14) at 80.7 indicates overbought conditions, suggesting potential short-term consolidation despite bullish momentum.
• MACD(12,26) at 2.27 with a buy signal, supported by ADX(14) at 38.9 showing strong trend strength.
• Key support near $209 (pivot S1), with resistance at $213 (R1); all moving averages signal buy.

Trend Analysis

The chart of SNX displays a robust uptrend, characterized by higher highs and higher lows over the recent months. Shares have surged from levels around $150 earlier in the quarter to current levels near $213, reflecting sustained buying interest. A double bottom pattern has formed with support holding at prior lows, and price action remains above an ascending trendline connecting recent swing lows. This structure points to bullish control, though the rapid advance has pushed the stock into overextended territory.

Support and Resistance Levels

Traders are eyeing pivot point levels for near-term guidance. Classic pivots place immediate support at S1 ($209.18), S2 ($207.21), and S3 ($205.57), aligning with the 20-day moving average near $206. Resistance starts at R1 ($212.79), followed by R2 ($214.43) and R3 ($216.40). The 52-week high around $210 acts as a psychological barrier, with a decisive break above $214 potentially targeting higher levels. These zones represent areas of prior consolidation and liquidity where price may react.

Moving Averages

All major moving averages are aligned bullishly for SNX. The 5-day simple MA sits at $209.65, 20-day at $206.08, 50-day at $202.88, 100-day at $189.89, and 200-day at $173.18. Price trading decisively above these levels, including the golden cross configuration where shorter-term MAs exceed longer ones, confirms the uptrend's strength. Exponential MAs reinforce this with similar buy signals across timeframes.

Momentum Indicators

Momentum remains positive but shows signs of exhaustion. The RSI(14) reading of 80.748 flags overbought conditions, with Stochastic RSI also at 100, warning of possible pullback risks. However, MACD(12,26) at 2.27 generates a buy signal, while ADX(14) at 38.875 indicates a strong directional trend. Williams %R at -6.87 and CCI(14) at 211.94 further highlight overbought momentum, yet bullish divergence in select oscillators supports continuation if support holds.

Price Action and Volume

Recent price action features a breakout from a multi-month wedge and triangle consolidation, propelling SNX higher on expanding ranges. Over the last 30 days, daily candles have closed positively amid increased volatility, with ATR(14) at 1.63 signaling moderate swings. Volume has accompanied the advance, though specific spikes are noted around key breakouts, underscoring conviction in the upmove.

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Technical Outlook and Key Levels to Watch

Looking ahead, traders will monitor support at $209-$206 for signs of trend continuation, with a drop below risking tests of the 50-day MA near $203. Upside focus remains on breaking $213-$214 resistance, which could accelerate momentum toward $216+. Key indicators to watch include RSI for mean reversion and MACD for crossover confirmation. Volume on pullbacks and any breakdown below pivots will signal caution in this strong uptrend.

Disclaimer

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