Synchronoss Technologies, Inc. 8.375% Stock Forecast
Evaluation of Synchronoss Technologies, Inc. 8.375% stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Synchronoss Technologies, Inc. 8.375% stock price fell by -0.235% on the last day (Tuesday, 25th Jun 2024) from $21.30 to $21.25. During the last trading day the stock fluctuated 0% from a day low at $21.25 to a day high of $21.25. The price has fallen in 5 of the last 10 days and is down by -0.98% for this period. Volume has increased on the last day by 906 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately $67.45 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Synchronoss Technologies, Inc. 8.375% stock with a 90% probability to be traded between $21.31 and $22.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SNCRL Signals & Forecast
The Synchronoss Technologies, Inc. 8.375% stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $21.30. On a fall, the stock will find some support from the long-term average at approximately $21.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -1.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Synchronoss Technologies, Inc. 8.375% gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 29, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 29, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Synchronoss Technologies, Inc. 8.375% stock
Synchronoss Technologies, Inc. 8.375% finds support from accumulated volume at $21.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.330%.
Our recommended stop-loss: $20.53 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (SNCRL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 to open at $21.25, and during the day (based on 14 day Average True Range), to move between $21.04 and $21.46, which gives a possible trading interval of +/-$0.213 (+/-1.00%) up or down from last closing price. If Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.15 (0.47%) than the resistance at $21.40 (0.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 stock A Buy?
Synchronoss Technologies, Inc. 8.375% holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.037 Hold/Accumulate Downgraded
Predicted Opening Price for Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $21.25 ( 0%) | $21.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNCRL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.25 | - |
| R2 | 21.25 | - |
| R1 | 21.25 | - |
| Price | 21.25 | |
| S1 | 21.25 | - |
| S2 | 21.25 | - |
| S3 | 21.25 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.60 | 1.65% |
| R2 | 21.50 | 1.18% |
| R1 | 21.40 | 0.706% |
| Price | 21.25 | |
| S1 | 21.15 | -0.471% |
| S2 | 21.00 | -1.18% |
| S3 | 20.78 | -2.21% |
SNCRL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.523 | 2.49% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.523 | 2.65% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.523 | 3.07% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.523 | 2.86% |
| 5 | Apr 04, 2023 | Apr 13, 2023 | Apr 30, 2023 | $0.523 | 2.83% |
FAQ
Click here for our free guide on how to buy Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 Stock.
