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SYNX is not a good buy right now for an impatient investor. The technical trend is still bearish (downtrend across moving averages with weakening momentum), and there are no proprietary buy signals or news/analyst catalysts to justify an immediate entry. Best action is to hold off and only consider buying if price reclaims the pivot (~1.096) and momentum improves.
Trend/Momentum: Bearish. The moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), indicating a sustained downtrend. MACD histogram is negative (-0.00748) and negatively expanding, suggesting downside momentum is strengthening rather than stabilizing. RSI(6) at 37.754 is weak (near oversold but still technically ‘neutral’), which can allow for bounces, but does not confirm a reversal.
Levels: Pivot at 1.096 is the key line to reclaim for a trend shift. Near-term support is S1 1.023 then S2 0.979; resistance is R1 1.169 then R2 1.213. With post-market around 1.04, the stock is closer to support than resistance, meaning downside risk to S1/S2 remains if sellers persist.
Pattern-based projection: Similar candlestick-pattern analysis suggests ~-0.26% next day, +2.01% next week, and +20.72% next month. However, this upside projection conflicts with currently bearish trend indicators; without confirmation, it’s not enough to rate as a buy today.
Intellectia Proprietary Trading Signals
holds.
with negative and expanding MACD histogram—momentum is still deteriorating.
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No analyst rating or price target change data was provided. Wall Street pro/con view cannot be evaluated from the given dataset.
