Synaptics Inc

SYNA remains in a medium-term downtrend characterized by lower highs and lower lows, trading below key short- and intermediate-term moving averages. While the long-term uptrend remains supported by the rising 200-day SMA, the current bounce off that level has not yet reached intermediate resistance for a clean sell entry. Timing conditions are neutral; we will look to sell into rallies near the 50-day SMA and prior resistance zones rather than initiating new exposure at current levels.

• ↑Q3 revenue $294.2M (+10% YoY); core IoT sales rose 31% YoY
• ↑Non-GAAP EPS $1.09 (+21% YoY) shows improving earnings power
• ↓Profitability weak; earnings yield negative, pointing to margin strain