SKEENA RESOURCES LTD (SKE) Stock Technical Analysis
NYSE:SKE - CA83056P7157 - Common Stock
15.08 USD
-0.12 (-0.79%)
15.08 USD
0 (0%)
We assign a technical rating of 8 out of 10 to SKE. In the last year, SKE was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SKE is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, SKE also shows a nice and consistent pattern of rising prices.
SKE is one of the better performing stocks in the Metals & Mining industry, it outperforms 79% of 156 stocks in the same industry.
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 13.81 - 16.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SKE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.78
16.96
When analyzing the support we can see 7 important areas.
- A support zone ranging from 14.66 to 14.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.88 to 13.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @11.09 from a trend line in the weekly time frame.
- Support @10.02 from a trend line in the weekly time frame.
- Support @9.65 from a trend line in the daily time frame.
- Support @8.87 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.14 to 15.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @16.79 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for SKE is neutral. |
| ChartMill Relative Strength | 94.11 | POSITIVE | SKE has a high relative strength, it outperformed 94.11% 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) | 46.99 | NEUTRAL | The RSI value for SKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SKE has a negative trend. |
| Stochastics (14,3) | 39.57 | NEUTRAL | The Stochastics value for SKE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SKE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for SKE suggests a weak or negative 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 |
|---|---|---|---|
| 15.44 | 14.65 | 0.79 (5.12%) | 19.54% |
| An entry @15.44. This is a Buy Stop order right above the resistance zone. | An exit @14.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.79 points, which is 5.12%. | For a 1.00% total portfolio risk, you can invest 19.54% of your capital in this trade. |
- 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.
15.08
-0.12 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.79%
1 Week-3.58%
2 Weeks-4.19%
1 Month-6.22%
3 Month22.7%
6 Month51.86%
12 Month90.89%
2 Year205.88%
3 Year214.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%4.28%
ATR Inc-23.58%
Range Today0.4
ADR(20)0.59
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.11
Mansfield2.58
10 Day High16.33
10 Day Low14.53
20 Day High16.33
20 Day Low13.81
52 Week High17.25
52 Week Low7.22
CS1 End14.85
CR1 Start15.14
Volume & EV
DER(3)-2.11%
DER(5)-2.62%
Volume332.30K
Volume Incr-27.83%
Vol(5)348.04K
Vol(50)451.09K