RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SYY
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Sysco Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The Sysco Corporation stock price fell by -1.00% on the last day (Friday, 19th Jul 2024) from $74.36 to $73.62. During the last trading day the stock fluctuated 1.73% from a day low at $73.50 to a day high of $74.77. The price has been going up and down for this period, and there has been a 5.55% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -364 thousand shares and in total, 2 million shares were bought and sold for approximately $115.58 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $74.87 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.66% during the next 3 months and, with a 90% probability hold a price between $63.90 and $69.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SYY Signals & Forecast

The Sysco Corporation 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 $73.10 and $72.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, July 17, 2024, and so far it has fallen -1.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sysco Corporation stock

Sysco Corporation finds support from accumulated volume at $73.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.27 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 2.11%.

Our recommended stop-loss: $70.49 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (SYY) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Sysco Corporation to open at $73.96, and during the day (based on 14 day Average True Range), to move between $72.31 and $74.93, which gives a possible trading interval of +/-$1.31 (+/-1.78%) up or down from last closing price. If Sysco Corporation takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $73.35 (0.37%) than the resistance at $74.32 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sysco Corporation stock A Buy?

Sysco Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.582 Hold/Accumulate Upgraded

Predicted Opening Price for Sysco Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$73.96 ( 0.466%) $73.62

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SYY

Fibonacci Support & Resistance Levels

Level Price
R3 75.23 2.19%
R2 74.75 1.53%
R1 74.45 1.13%
Price 73.62
S1 73.48 -0.193%
S2 73.18 -0.601%
S3 72.69 -1.26%

Accumulated Volume Support & Resistance Levels

Level Price
R3 77.07 4.69%
R2 74.58 1.30%
R1 74.32 0.95%
Price 73.62
S1 73.35 -0.367%
S2 73.03 -0.80%
S3 72.47 -1.56%

SYY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Jul 05, 2024 Jul 26, 2024 $0.510 0.693%
2 Feb 21, 2024 Apr 04, 2024 Apr 26, 2024 $0.500 0.649%
3 Nov 16, 2023 Jan 04, 2024 Jan 26, 2024 $0.500 0.665%
4 Aug 24, 2023 Oct 05, 2023 Oct 27, 2023 $0.500 0.775%
5 Apr 27, 2023 Jul 06, 2023 Jul 28, 2023 $0.500 0.657%

FAQ

What is the symbol for Sysco Corporation Stock and on which exchange is it traded?
The symbol for Sysco Corporation is SYY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sysco Corporation Stock?
Sysco Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Sysco Corporation Stock?
Sysco Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sysco Corporation Stock.

What's the current price of Sysco Corporation Stock?
As of the end of day on the Jul 19, 2024, the price of an Sysco Corporation (SYY) share was $73.62.

What is the 52-week high and low for Sysco Corporation Stock?
The 52-week high for Sysco Corporation Stock is $82.89 and the 52-week low is $62.24.

What is the market capitalization of Sysco Corporation Stock?
As of the Jul 19, 2024, the market capitalization of Sysco Corporation is 36.661B.

When is the next earnings date for Sysco Corporation?
The upcoming earnings date for Sysco Corporation is Jul 30, 2024.
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About Sysco Corporation

Sysco Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen foods, such as meats, seafood, fully prep... SYY Profile

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