Synovus Financial Corp (SNV): Price Now Near $44.37; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for SNV

Currently, SNV (Get Ratings)’s price is down $-0.19 (-0.43%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SNV has now gone down 9 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on SNV; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SNV ranks 69th in terms of today’s price percentage change out of Banking stocks.

SNV’s Technical Outlook on the Daily Chart

At the moment, SNV’s price is up $0.13 (0.29%) from the day prior. SNV has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SNV’s price action over the past 90 days.

SNV

<

SNV: Daily RSI Analysis

  • SNV’s RSI now stands at 31.0606.
  • 500 – Internal server error

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market