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Synalloy Corporation (SYNL) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneDojiTue, 14 Nov 2017-2.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
13.00 0.00 (0%) Nov 17 4:00pm EST
Open: 13.20 Range: 12.85 - 13.20 Vol: 7.84K Avg Vol: 16.43K
EPS: -0.29 P/E ratio: 0.00 EBITDA: 7.35M Mkt Cap: 124.64M
Analyze "SYNL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 13.18
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 13.97
Last Trade is below the 50 day moving average at 13.20
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 11.97
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SYNL

Stock Trend Analysis - Buy, Sell or Hold "Synalloy Corporation" (SYNL)?

SYNL is in a very strong uptrend. In the last 52 weeks, SYNL has been trading above the 200 day moving average for 82% of the time with an average daily volume of 16.4K shares being traded. The 50 day moving average, currently at 13.20, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in SYNL still has a bullish bias with price maintaining above the 20 SMA for 72.5% of the time in the last two months of trading. A good area for traders who are considering taking a long position in SYNL is near the 200 SMA currently at 11.97. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SYNL".

The analyst consensus estimates for the 1 year price target for this stock is $11.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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