Overall SKF gets a technical rating of 7 out of 10. SKF has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SKF has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
26.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 27.56 to 28.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.27 to 26.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @28.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 29.47 to 29.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @31.78 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SKF is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKF is up. |
| ChartMill Relative Strength | 43.09 | NEUTRAL | SKF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.05 | NEUTRAL | The RSI value for SKF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SKF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests SKF may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for SKF suggests some volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for SKF suggests a weak or negative 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 |
|---|---|---|---|
| 28.98 | 27.55 | 1.43 (4.93%) | 20.27% |
| An entry @28.98. This is a Buy Stop order right above the resistance zone. | An exit @27.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 4.93%. | For a 1.00% total portfolio risk, you can invest 20.27% of your capital in this trade. |
- 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.
NYSEARCA:SKF (11/21/2025, 8:04:00 PM)
28.9608
-0.63 (-2.12%)
PROSHARES ULTSHRT FINANCIALS / SKF FAQ
What is the ChartMill technical rating of PROSHARES ULTSHRT FINANCIALS (SKF) stock?
ChartMill assigns a technical rating of 7 / 10 to SKF.
What is the current trend direction of PROSHARES ULTSHRT FINANCIALS (SKF) stock?
The current trend direction for PROSHARES ULTSHRT FINANCIALS (SKF) is Bearish.
Can you provide the RSI signal for PROSHARES ULTSHRT FINANCIALS?
PROSHARES ULTSHRT FINANCIALS (SKF) has an RSI value of 58.0502. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTSHRT FINANCIALS (SKF) stock?
The MACD indicator for PROSHARES ULTSHRT FINANCIALS (SKF) has a value of 0.148125, indicating a bearish trend.
Can you provide the short term momentum for PROSHARES ULTSHRT FINANCIALS?
The short term momentum for PROSHARES ULTSHRT FINANCIALS (SKF) is positive.