SKEENA RESOURCES LTD (SKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKE - CA83056P7157 - Common Stock
Overall SKE gets a technical rating of 10 out of 10. 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!
- Looking at the yearly performance, SKE did better than 97% of all other 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 77% of 156 stocks in the same industry.
- SKE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SKE has a been trading in the 22.60 - 27.42 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, SKE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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17.54
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.74 to 25.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.70 to 23.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.85 from a trend line in the weekly time frame.
- A support zone ranging from 17.72 to 17.93. 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 | 97.64 | POSITIVE | SKE has a high relative strength, it outperformed 97.64% 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) | 69.05 | NEUTRAL | The RSI value for SKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SKE has a positive trend. |
| Stochastics (14,3) | 88.38 | OVERBOUGHT | The high Stochastics value suggests SKE may be overbought. |
| 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) | 30.55 | POSITIVE | The high ADX value value for SKE suggests a strong trend. |
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 |
|---|---|---|---|
| 27.43 | 25.73 | 1.70 (6.20%) | 16.14% |
| An entry @27.43. This is a Buy Stop order right above the 10 day high. | An exit @25.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.70 points, which is 6.20%. | For a 1.00% total portfolio risk, you can invest 16.14% 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.
26.93
+0.19 (+0.71%)
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 69.0495. 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 0.0610174, 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.