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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 10:25:00 EST
Synovus Financial Corp (SNV)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SNV has been trading in a range between $40.50 and $35.96 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SNV is trading below resistance at $40.50, about 1% to the upside. There is support at $38.70 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Synovus Financial Corp $SNV entered a Green zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $33.07, a potential down side of -16.3% from the recent price of 39.51. The stock is trading 4.15% (potential upside) below its 52 week high of $41.15 and 66.92 % (potential downside) above its 52 week low of $23.67 - based on the recent price.
Company Summary
Synovus Financial Corp operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services.
News
| Synovus' (SNV) Organic Expansion Drives Growth, High Costs Ail Synovus (SNV) benefits from the strategic expansion efforts of its banking verticals. However, a rise in expenses is likely to impede bottom-line growth in the near term. Source: Zacks Investment Research Tue, 25 Jun 2024 10:30:36 -0400 Sentiment: Positive |
| Synovus to announce second quarter 2024 earnings results COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Financial Corp. (NYSE: SNV) will announce second quarter 2024 earnings results. Source: Business Wire Tue, 18 Jun 2024 09:24:00 -0400 Sentiment: Neutral |
| Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody's downgrade of some regional banks, how investors can position, and more. Source: CNBC Television Mon, 10 Jun 2024 14:19:48 -0400 Sentiment: Positive |
| Synovus (SNV) Arm Ratings Affirmed by Moody's, Outlook Stable Moody's rating affirms Synovus' (SNV) subsidiary's ratings with a stable outlook. This shows a balance between the credit headwinds associated with a significant concentration in CRE loans. Source: Zacks Investment Research Fri, 07 Jun 2024 11:21:10 -0400 Sentiment: Positive |
| Synovus announces quarterly dividends COLUMBUS, Ga.--(BUSINESS WIRE)--The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared quarterly dividends. Source: Business Wire Mon, 03 Jun 2024 17:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 41.15 52 Week Low: 23.6715 Beta: 1.42 50 Day MA: 38.342 200 Day MA: 35.0975 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.409 Qtr Revenue Growth YOY: -0.168 Forward PE: 8.6655 Trailing PE: 13.5308