SYNB's RSI Indicator sits in overbought zone for 1 day
Watch for a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SYNB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on SYNB as a result. In of 18 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SYNB just turned positive on November 03, 2023. Looking at past instances where SYNB's MACD turned positive, the stock continued to rise in of 5 cases over the following month. The odds of a continued upward trend are .
SYNB moved above its 50-day moving average on November 15, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SYNB crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 SYNB advanced for three days, in of 71 cases, the price rose further within the following month. The odds of a continued upward trend are .
SYNB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 54 cases where SYNB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Health
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Correlation & Price change
A.I.dvisor indicates that over the last year, SYNB has been closely correlated with IBB. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if SYNB jumps, then IBB could also see price increases.
| Ticker / NAME | Correlation To SYNB | 1D Price Change % | ||
|---|---|---|---|---|
| SYNB | 100% | +0.98% | ||
| IBB - SYNB | 80% Closely correlated | +1.38% | ||
| VHT - SYNB | 78% Closely correlated | +0.65% | ||
| IHI - SYNB | 72% Closely correlated | +1.24% | ||
| XLV - SYNB | 71% Closely correlated | +0.40% | ||
| XBI - SYNB | 67% Closely correlated | +3.06% |