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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, 21 Jul 2017NoneDojiThu, 06 Jul 2017-3.56%
***Stock database and scans are updated around midnight (New York time) every trading day.
10.95 0.00 (0%) Jul 27 3:59pm EDT
Open: 10.70 Range: 10.70 - 10.95 Vol: 5.55K Avg Vol: 13.99K
EPS: -0.58 P/E ratio: 0.00 EBITDA: 3.34M Mkt Cap: 94.16M
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 11.18
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 11.16
Last Trade is below the 50 day moving average at 11.47
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 11.24
* 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)?

Although SYNL is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, SYNL has been trading above the 200 day moving average for 80% of the time with an average daily volume of 14K shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is very weak and displaying very bearish bias. SYNL may be due for an oversold bounce, but objectively, as long as SYNL is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a buy on this stock at this moment. 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, 21 Jul 2017
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