SKEENA RESOURCES LTD (SKE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SKE • CA83056P7157
Taking everything into account, SKE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SKE did better than 98% of all other stocks. On top of that, SKE also shows a nice and consistent pattern of rising prices.
- SKE is part of the Metals & Mining industry. There are 154 other stocks in this industry. SKE outperforms 86% of them.
- SKE 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 SKE is lagging the market slightly.
- In the last month SKE has a been trading in the 22.60 - 35.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although SKE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.52
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.22 to 28.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.58 from a trend line in the daily time frame.
- Support @19.33 from a trend line in the weekly time frame.
- Support @18.00 from a trend line in the weekly time frame.
- Support @17.70 from a trend line in the daily time frame.
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 | 98.26 | POSITIVE | SKE has a high relative strength, it outperformed 98.26% 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) | 52.41 | NEUTRAL | The RSI value for SKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests SKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.55 | NEUTRAL | The Stochastics value for SKE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for SKE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.91 | POSITIVE | The high ADX value value for SKE suggests a strong trend. |
28.61
-4.28 (-13.01%)
SKEENA RESOURCES LTD / SKE FAQ
What is the technical rating for SKE stock?
ChartMill assigns a technical rating of 10 / 10 to SKE.
What is the current trend direction of SKEENA RESOURCES LTD (SKE) stock?
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 52.4093. This indicates that the stock is currently neutral.
What is the MACD signal for SKE stock?
The MACD indicator for SKEENA RESOURCES LTD (SKE) has a value of 0.174439, indicating a bearish trend.
What is the short term momentum for SKEENA RESOURCES LTD (SKE) stock?
The short term momentum for SKEENA RESOURCES LTD (SKE) is positive.