Smurfit Kappa Group Plc (SK3.I) Stock Technical Analysis
Europe - Euronext Dublin - DUB:SK3 - IE00B1RR8406 - Common Stock
Taking everything into account, SK3 scores 3 out of 10 in our technical rating. In the last year, SK3 was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month SK3 has a been trading in the 40.45 - 45.30 range, which is quite wide. It is currently trading near the lows of this range.
- SK3 is one of the better performing stocks in the Containers & Packaging industry, it outperforms 91% of 13 stocks in the same industry.
- SK3 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SK3 is lagging the market slightly.
- SK3 has an average volume of 1553330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, SK3 outperforms 67% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, SK3 does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 41.43, a Stop Loss order could be placed below this zone.
More info and screens
30.48
3 important support areas can be observed.
- A support zone ranging from 41.43 to 41.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.32 to 39.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 42.27 to 43.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.61 to 45.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SK3.I is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SK3.I is down. |
| ChartMill Relative Strength | 67.4 | NEUTRAL | SK3.I is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SK3.I is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SK3.I is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SK3.I is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.07 | NEUTRAL | The RSI value for SK3.I is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SK3.I has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.96 | OVERSOLD | The low Stochastics value suggests SK3.I may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SK3.I suggests some volalility. |
| Average Directional Index/ADX (14) | 22.72 | NEUTRAL | The ADX value for SK3.I suggests a possible start of a new trend. |
DUB:SK3 (7/2/2024, 7:00:00 PM)
41.44
-0.16 (-0.38%)
Smurfit Kappa Group Plc / SK3.I FAQ
What is the technical rating for SK3 stock?
ChartMill assigns a technical rating of 3 / 10 to SK3.I.
Can you provide the trend direction for Smurfit Kappa Group Plc?
The current trend direction for Smurfit Kappa Group Plc (SK3.I) is Bullish.
What is the RSI signal for Smurfit Kappa Group Plc (SK3.I) stock?
Smurfit Kappa Group Plc (SK3.I) has an RSI value of 37.0653. This indicates that the stock is currently neutral.
What is the buy/sell signal for Smurfit Kappa Group Plc (SK3.I) stock?
The buy/sell signal for Smurfit Kappa Group Plc (SK3.I) is hold as the short term and long term trends are mixed.
What is the support and resistance level for SK3 stock?
Smurfit Kappa Group Plc (SK3.I) has a support level at 41.43 and a resistance level at 42.27. Check the full technical report for our detailed analysis of SK3.I support and resistance levels.