Taking everything into account, PN scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PN was also a bad performer in the overall market in the last year.
PN has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.74
When analyzing the support we notice one important area.
- A support zone ranging from 0.75 to 0.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.85 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PN is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.88 | NEUTRAL | The RSI value for PN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PN has a negative trend. |
| Stochastics (14,3) | 13.84 | OVERSOLD | The low Stochastics value suggests PN may be oversold. |
| Average True Range in percent/ATR (20) | 11.17 | HIGH VOLATILITY | The high ATR as a percentage value for PN suggests high volalility. |
| Average Directional Index/ADX (14) | 43.35 | POSITIVE | The high ADX value value for PN suggests a strong trend. |
0.76
0 (0%)
SKYCORP SOLAR GROUP LTD / PN FAQ
What is the ChartMill technical rating of SKYCORP SOLAR GROUP LTD (PN) stock?
ChartMill assigns a technical rating of 3 / 10 to PN.
Can you provide the trend direction for SKYCORP SOLAR GROUP LTD?
The current trend direction for SKYCORP SOLAR GROUP LTD (PN) is Bearish.
Can you provide the RSI signal for SKYCORP SOLAR GROUP LTD?
SKYCORP SOLAR GROUP LTD (PN) has an RSI value of 47.876. This indicates that the stock is currently neutral.
What is the short term momentum for SKYCORP SOLAR GROUP LTD (PN) stock?
The short term momentum for SKYCORP SOLAR GROUP LTD (PN) is neutral.