The Battle Of Symantec Corporation ($SYMC) And Manhattan Associates, Inc. ($MANH)

2019-08-20 | Welcome! Today we compared how two different stocks in the Computer Software: Prepackaged Software industry are trading: Symantec Corporation and Manhattan Associates, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Symantec Corporation opened at 23.65, got to a maximum price of 23.89 and dropped to as low as 23.62 before finishing the session at 23.85. In total there were 9832200 shares traded, which is enough to conduct our analysis. Compare that now to Manhattan Associates, Inc., which opened at 84.76, had a high of 85.21, a low of 83.79, closed at 84.2 and had a total volume of 253100.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Symantec Corporation Manhattan Associates, Inc.
Accumulation-distribution index 92.50583 537.06556
on-balance volume -23.51 -83.6
chaikin money flow

1.25 5.31111
force index

0.568 3.46276
ease of movement rating

0.00253 0.01306
volume-price trend

2.09053 19.30584
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Symantec Corporation Manhattan Associates, Inc.
Average true range 0.45025 0.89906
Bolinger bands 24.00397 84.33853
Upper bollinger band 22.81603 82.64147
Lower bollinger band

23.62 83.79
Bollinger high band indicator

1.0 nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

23.72 84.58667
High band keltner channel

23.48 84.13667
Low band keltner channel

23.96 85.03667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

23.62 83.79
Donchain channel low band

23.62 83.79
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Symantec Corporation Manhattan Associates, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.01346
MACD signal -0.00524 -0.00748
MACD difference -0.00419 -0.00598
fast Exponential Moving Average (EMA) indicator

23.62 83.79
slow Exponential Moving Average (EMA) indicator

23.62 83.79
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.16056 0.03697
trix

8.79197 14.62175
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-1.87441 -15.69083
KST Oscillator (KST)

86.19725 230.41149
KST Oscillator (KST Signal)

86.19725 230.41149
KST difference

-4.82857 -2.20267
Ichimoku rating

23.77 84.985
Ichimoku B rating

23.77 84.985
Ichimoku visual trend A

22.16214 71.54125
Ichimoku visual trend B

22.41667 75.32977
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Symantec Corporation Manhattan Associates, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

98.42471 94.17796
stochastic oscillator

112.5 315.55556
stochastic oscillator signal

112.5 315.55556
Williams %R rating

12.5 215.55556
awesome oscillator

-0.13919 -0.1335

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Symantec Corporation and Manhattan Associates, Inc..

Daily return 8.61972 23.04115
Daily log return -1.79415 -0.71865
Cumulative return -1.77815 -0.71608

So there you have it: our deep, grueling analysis comparing Symantec Corporation and Manhattan Associates, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Symantec Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether SYMC is strong or weak. Again – this is not a reliable indication of whether Symantec Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Manhattan Associates, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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