Synovus Financial Corp (SNV): Price Now Near $46.19; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for SNV

Currently, SNV (Get Ratings)’s price is down $-0.7 (-1.5%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SNV has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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.

Out of Banking stocks, SNV ranks 215th in regards to today’s price percentage change.

SNV’s Technical Outlook on the Daily Chart

Currently, SNV’s price is down $-1.35 (-2.84%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Synovus Financial Corp’s price action over the past 90 days can be seen via the chart below.

SNV

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