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 Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 06, 2023 Gain 22.63% PDF

The Sysco Corporation stock price gained 1.29% on the last trading day (Wednesday, 27th Mar 2024), rising from $80.90 to $81.94. During the last trading day the stock fluctuated 1.73% from a day low at $80.93 to a day high of $82.33. The price has been going up and down for this period, and there has been a 1.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 573 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $161.67 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.54% during the next 3 months and, with a 90% probability hold a price between $87.92 and $95.39 at the end of this 3-month period.

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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 $81.35 and $80.27. 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). Volume is rising along with the price. This is considered to be a good technical 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 Thursday, February 01, 2024, and so far it has fallen -0.510%. Further fall is indicated until a new bottom pivot has been found.

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 $1.40 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $78.77 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (SYY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sysco Corporation to open at $81.73, and during the day (based on 14 day Average True Range), to move between $80.90 and $82.98, which gives a possible trading interval of +/-$1.04 (+/-1.27%) up or down from last closing price. If Sysco Corporation takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.36 (0.51%) than the support at $80.84 (1.34%), 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 and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". 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: 6.121 Strong Buy Candidate Upgraded

Predicted Opening Price for Sysco Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$81.73 ( 0.252%) $81.94

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 83.13 1.46 %
R2 82.60 0.80 %
R1 82.27 0.400 %
Current price: 81.94
Support S1 81.20 -0.90 %
S2 80.87 -1.31 %
S3 80.33 -1.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 82.36 0.513 %
Current price 81.94
Support S1 80.84 -1.34%
S2 80.82 -1.37%
S3 75.61 -7.73%

SYY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Apr 04, 2024 Apr 26, 2024 $0.500 0.610%
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 and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". 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.

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 2024-03-27, the price of an Sysco Corporation (SYY) share was $81.94.

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 2024-03-27, the market capitalization of Sysco Corporation is 40.792B.

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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