SYF ends the day on a bullish note closing near the high of the day
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Synchrony Financial
|Close to S1 Support||TQ Pro Members Only|
|Tweezer Top||TQ Pro Members Only|
|Bullish Break through SMA 20||TQ Pro Members Only|
|Bullish Bounce off SMA 20||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
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