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
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

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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Evaluation of Sysco Corporation stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 06, 2023 Gain 21.49% PDF

The Sysco Corporation stock price fell by -0.93% on the last day (Thursday, 28th Mar 2024) from $81.94 to $81.18. During the last trading day the stock fluctuated 1.41% from a day low at $81.09 to a day high of $82.23. The price has been going up and down for this period, and there has been a 1.44% gain for the last 2 weeks. Volume has increased on the last day by 1 million 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 million shares were bought and sold for approximately $259.92 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $80.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.14% during the next 3 months and, with a 90% probability hold a price between $87.52 and $94.98 at the end of this 3-month period.

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SYY Signals & Forecast

The Sysco Corporation 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 $81.33. On a fall, the stock will find some support from the long-term average at approximately $80.32. 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. 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 Thursday, February 01, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Sysco Corporation stock

Sysco Corporation finds support from accumulated volume at $80.84 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 $1.14 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $78.38 (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (SYY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sysco Corporation to open at $81.50, and during the day (based on 14 day Average True Range), to move between $80.14 and $82.22, which gives a possible trading interval of +/-$1.04 (+/-1.29%) up or down from last closing price. If Sysco Corporation takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $81.33 (0.18%) than the support at $80.84 (0.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.209 Hold/Accumulate Downgraded

Predicted Opening Price for Sysco Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$81.50 ( 0.394%) $81.18

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
Resistance R3 82.64 1.80 %
R2 82.20 1.26 %
R1 81.94 0.93 %
Current price: 81.18
Support S1 81.06 -0.142 %
S2 80.80 -0.474 %
S3 80.36 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 82.36 1.45 %
R2 81.48 0.370 %
R1 81.33 0.185 %
Current price 81.18
Support S1 80.84 -0.419%
S2 80.82 -0.443%
S3 75.61 -6.86%

SYY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Apr 04, 2024 Apr 26, 2024 $0.500 0.616%
2 Nov 16, 2023 Jan 04, 2024 Jan 26, 2024 $0.500 0.665%
3 Aug 24, 2023 Oct 05, 2023 Oct 27, 2023 $0.500 0.775%
4 Apr 27, 2023 Jul 06, 2023 Jul 28, 2023 $0.500 0.657%
5 Feb 22, 2023 Apr 05, 2023 Apr 28, 2023 $0.490 0.639%

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy 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 2024-03-28, the price of an Sysco Corporation (SYY) share was $81.18.

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 2024-03-28, the market capitalization of Sysco Corporation is 40.414B.

When is the next earnings date for Sysco Corporation?
The upcoming earnings date for Sysco Corporation is May 07, 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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