SKEENA RESOURCES LTD (SKE) Stock Technical Analysis
USA - NYSE:SKE - CA83056P7157 - Common Stock
We assign a technical rating of 6 out of 10 to SKE. In the last year, SKE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
SKE has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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11.76
2 important support areas can be observed.
- Support @12.28 from a trend line in the weekly time frame.
- Support @11.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.33 to 16.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 SKE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKE is down. |
| ChartMill Relative Strength | 90.77 | POSITIVE | SKE has a high relative strength, it outperformed 90.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SKE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.26 | NEUTRAL | The RSI value for SKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests SKE has a negative trend. |
| Stochastics (14,3) | 12.16 | OVERSOLD | The low Stochastics value suggests SKE may be oversold. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for SKE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for SKE suggests a possible start of a new trend. |
15.54
-0.73 (-4.49%)
SKEENA RESOURCES LTD / SKE FAQ
What is the technical rating for SKE stock?
ChartMill assigns a technical rating of 6 / 10 to SKE.
Can you provide the trend direction for SKEENA RESOURCES LTD?
The current trend direction for SKEENA RESOURCES LTD (SKE) is Bullish.
What is the RSI signal for SKEENA RESOURCES LTD (SKE) stock?
SKEENA RESOURCES LTD (SKE) has an RSI value of 38.2585. This indicates that the stock is currently neutral.
What is the buy/sell signal for SKE stock?
The buy/sell signal for SKEENA RESOURCES LTD (SKE) is hold as the short term and long term trends are mixed.
What is the support and resistance level for SKE stock?
SKEENA RESOURCES LTD (SKE) has a support level at 16.19 and a resistance level at 16.28. Check the full technical report for our detailed analysis of SKE support and resistance levels.