SKF AB-B SHARES (SKFB.ST) Stock Technical Analysis
STO:SKFB - Nasdaq Stockholm AB - SE0000108227 - Common Stock - Currency: SEK
We assign a technical rating of 6 out of 10 to SKFB. SKFB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, SKFB is a bad performer in the overall market: 67% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
SKFB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKFB is lagging the market slightly.
In the last month SKFB has a been trading in the 198.40 - 215.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SKFB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 206.59, a Stop Loss order could be placed below this zone.
More info and screens
167.76
240.29
2 important support areas can be observed.
- A support zone ranging from 203.35 to 206.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @169.45 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 209.71 to 211.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 214.61 to 216.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 236.80 to 237.91. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SKFB.ST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKFB.ST is up. |
| ChartMill Relative Strength | 33.68 | NEUTRAL | SKFB.ST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKFB.ST is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKFB.ST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKFB.ST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.92 | NEUTRAL | The RSI value for SKFB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests SKFB.ST has a negative trend. |
| Stochastics (14,3) | 43.1 | NEUTRAL | The Stochastics value for SKFB.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SKFB.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for SKFB.ST 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 |
|---|---|---|---|
| 211.20 | 205.99 | 5.21 (2.47%) | 25.00% |
| An entry @211.20. This is a Buy Stop order right above the resistance zone. | An exit @205.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.21 points, which is 2.47%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKFB. 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.
STO:SKFB (6/19/2025, 5:30:45 PM)
207.4
-1.7 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.81%
1 Week-1.74%
2 Weeks0.24%
1 Month0.72%
3 Month-4.65%
6 Month0.48%
12 Month-2.15%
2 Year11.79%
3 Year38.57%
5 Year20.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.04
ATR(20)%2.14%
ATR Inc-3.68%
Range Today2.45
ADR(20)4.09
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.68
Mansfield-0.23
10 Day High215.6
10 Day Low206
20 Day High215.6
20 Day Low198.4
52 Week High241.9
52 Week Low157.7
CS1 End206.59
CR1 Start209.71
Volume & EV
DER(3)-4.94%
DER(5)-2.83%
Volume334.94K
Volume Incr5.32%
Vol(5)634.04K
Vol(50)885.73K