There are indications that the downtrend in SYR may be weakening.
On a weekly chart SYR has formed two swing point lows with almost equal prices:
15/03/2017 - $2.24
27/04/2017 - $2.23
On a weekly MACD chart, there is MACDH divergence between the two swing point lows.
On a daily MACD chart, there is MACD divergence between the two swing point lows.
Lines connecting successive swing point lows are becoming shallower and shallower indicating that the downtrend is weakening and potentially bottoming out.
The current rally from the recent low of $2.23 needs to show more volume if it is going to threaten the downtrend line.
Weekly Bar Chart
Daily MACD Chart
Daily Bar Chart with Volume
There are indications that the downtrend in SYR may be...
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $325.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 30.8¢ | $924.9K | 2.948M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 650602 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 399085 | 35 |
View Market Depth
| Last trade - 13.59pm 11/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |