Synchronoss Technologies, Inc. 8.375% Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Synchronoss Technologies, Inc. 8.375% stock price after Friday trading.
(Updated on Jun 28, 2024)
The Synchronoss Technologies, Inc. 8.375% stock price gained 2.38% on the last trading day (Friday, 28th Jun 2024), rising from $21.45 to $21.96. During the last trading day the stock fluctuated 4.87% from a day low at $21.57 to a day high of $22.62. The price has fallen in 4 of the last 10 days but is still up by 2.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $1.34 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $21.70, a level that may pose a second chance to hit a runner. According to fan-theory $22.30 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SNCRL Signals & Forecast
The Synchronoss Technologies, Inc. 8.375% stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.39 and $21.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.34%. Further rise is indicated until a new top pivot has been found. Synchronoss Technologies, Inc. 8.375% has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $21.25 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 $1.05 between high and low, or 4.87%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $20.81 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SNCRL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 to open at $22.05, and during the day (based on 14 day Average True Range), to move between $21.67 and $22.25, which gives a possible trading interval of +/-$0.294 (+/-1.34%) 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 2.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.25, some $0.710 (3.23%) from the current price of $21.96, our system finds the risk reward attractive.
Is Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 stock A Buy?
Synchronoss Technologies, Inc. 8.375% holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.235 Strong Buy Candidate Upgraded
Predicted Opening Price for Synchronoss Technologies, Inc. 8.375% Senior Notes Due 2026 of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$22.05 ( 0.410%) | $21.96 |
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 | 23.10 | 5.19% |
R2 | 22.70 | 3.36% |
R1 | 22.45 | 2.24% |
Price | 21.96 | |
S1 | 21.65 | -1.42% |
S2 | 21.40 | -2.54% |
S3 | 21.00 | -4.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 21.96 | |
S1 | 21.25 | -3.23% |
S2 | 21.15 | -3.69% |
S3 | 21.00 | -4.37% |
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
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