Smurfit Kappa Group Plc (SK3.I) Stock Technical Analysis
Europe - Euronext Dublin - DUB:SK3 - IE00B1RR8406 - Common Stock
We assign a technical rating of 3 out of 10 to SK3. SK3 has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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
We found 3 important support areas.
- 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.
What is the trend direction for SK3 stock?
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.
Can you provide the MACD signal for Smurfit Kappa Group Plc?
The MACD indicator for Smurfit Kappa Group Plc (SK3.I) has a value of -0.199624, indicating a bearish trend.
What is the short term momentum for Smurfit Kappa Group Plc (SK3.I) stock?
The short term momentum for Smurfit Kappa Group Plc (SK3.I) is negative.