Smurfit Kappa Group Plc (SK3.I) Stock Technical Analysis
DUB:SK3 - Euronext Dublin - IE00B1RR8406 - Common Stock - Currency: EUR
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 part of the Containers & Packaging industry. There are 14 other stocks in this industry. SK3 outperforms 84% of them.
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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
SK3 has a bad technical rating, but it does show a decent setup pattern. 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
46.07
When analyzing the support we can see 3 important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
DUB:SK3 (7/2/2024, 7:00:00 PM)
41.44
-0.16 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.38%
1 Week-3.43%
2 Weeks-2.4%
1 Month-8.36%
3 Month-1.89%
6 Month17.76%
12 Month33.33%
2 Year17.46%
3 Year-12.89%
5 Year45.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%2.73%
ATR Inc23%
Range Today1.12
ADR(20)1.1
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.4
Mansfield-0.22
10 Day High45.03
10 Day Low40.45
20 Day High45.3
20 Day Low40.45
52 Week High45.88
52 Week Low28.98
CS1 End41.43
CR1 Start42.27
Volume & EV
DER(3)0.33%
DER(5)0.44%
Volume25.21M
Volume Incr719.21%
Vol(5)7.81M
Vol(50)1.55M