SYF ends the day on a bullish note closing near the high of the day
Synchrony Financial (SYF) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, SYF ended Thursday at 34.93 gaining $0.34 (0.98%). Today's closing price of 34.93 marks the highest close since April 20th. Closing above Wednesday's high at 34.76, the share confirms its breakout through the prior session's high having traded $0.24 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (SYF as at May 17, 2018):
Thursday's trading range was $0.53 (1.53%), that's below last trading month's daily average range of $0.70. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 35.34.
Though Synchrony Financial is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.