SKEENA RESOURCES LTD (SKE) Stock Technical Analysis
NYSE:SKE - New York Stock Exchange, Inc. - CA83056P7157 - Common Stock - Currency: USD
Taking everything into account, SKE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SKE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SKE is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by SKE over the past year are nicely spread over this period.
SKE is part of the Metals & Mining industry. There are 154 other stocks in this industry. SKE outperforms 95% of them.
A new 52 week high is currently being made by SKE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SKE is leading the market.
In the last month SKE has a been trading in the 11.88 - 15.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
SKE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.78
15.20
When analyzing the support we can see 5 important areas.
- Support @14.75 from a trend line in the daily time frame.
- A support zone ranging from 13.67 to 13.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.12 from a trend line in the weekly time frame.
- Support @9.53 from a trend line in the weekly time frame.
- Support @8.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.05 to 15.05. 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 SKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKE is up. |
| ChartMill Relative Strength | 98.37 | POSITIVE | SKE has a high relative strength, it outperformed 98.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKE is above 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) | 68.03 | NEUTRAL | The RSI value for SKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SKE has a positive trend. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests SKE may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SKE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.22 | POSITIVE | The high ADX value value for SKE suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.06 | 14.74 | 0.32 (2.12%) | 25.00% |
| An entry @15.06. This is a Buy Stop order right above the resistance zone. | An exit @14.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.32 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of SKE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.04
+0.23 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.55%
1 Week4.44%
2 Weeks1.14%
1 Month18.71%
3 Month44.89%
6 Month66.19%
12 Month232.01%
2 Year211.39%
3 Year184.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%3.7%
ATR Inc1.79%
Range Today0.63
ADR(20)0.51
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.37
Mansfield5.17
10 Day High15.44
10 Day Low13.86
20 Day High15.44
20 Day Low11.88
52 Week High15.44
52 Week Low4.1
CS1 End14.75
CR1 Start15.05
Volume & EV
DER(3)-2.97%
DER(5)-1.84%
Volume2.23M
Volume Incr82.4%
Vol(5)719.86K
Vol(50)470.94K