SK GROWTH OPPORTUNITIES CO-A (SKGR) Technical Analysis
NASDAQ:SKGR • KYG8192N1034
Current stock price
SKGR Technical Rating and Analysis
Taking everything into account, SKGR scores 8 out of 10 in our technical rating. In the last year, SKGR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- When comparing the yearly performance of all stocks, we notice that SKGR is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, SKGR also shows a nice and consistent pattern of rising prices.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- SKGR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKGR is lagging the market.
- In the last month SKGR has a been trading in the 10.39 - 13.40 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.
SKGR Weekly and Daily overview Charts
SKGR Setup Rating and Analysis
SKGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 11.76, a Stop Loss order could be placed below this zone.
More info and screens
SKGR Support and Resistance Analysis
10.64
3 important support areas can be observed.
- A support zone ranging from 11.64 to 11.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.10 to 11.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.75 from a horizontal line in the weekly time frame.
SKGR Technical Indicator Signal Analysis
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 SKGR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKGR is neutral. |
| ChartMill Relative Strength | 81.9 | POSITIVE | SKGR has a high relative strength, it outperformed 81.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for SKGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SKGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.65 | NEUTRAL | The Stochastics value for SKGR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SKGR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.39 | POSITIVE | The high ADX value value for SKGR suggests a strong trend. |
SKGR Chart- and CandleStick Pattern Analysis
SKGR Example Setup
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 |
|---|---|---|---|
| 13.41 | 11.63 | 1.78 (13.27%) | 7.53% |
| An entry @13.41. This is a Buy Stop order right above the 10 day high. | An exit @11.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.78 points, which is 13.27%. | When investing 7.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SKGR Technicals: Chart, Performance Metrics, Trend & Indicators
12.02
+0.58 (+5.07%)
SK GROWTH OPPORTUNITIES CO-A / SKGR TA FAQ
Can you provide the ChartMill technical rating for SK GROWTH OPPORTUNITIES CO-A?
ChartMill assigns a technical rating of 8 / 10 to SKGR.
What is the current trend direction of SK GROWTH OPPORTUNITIES CO-A (SKGR) stock?
The current trend direction for SK GROWTH OPPORTUNITIES CO-A (SKGR) is Bearish.
What is the RSI signal for SKGR stock?
SK GROWTH OPPORTUNITIES CO-A (SKGR) has an RSI value of 57.1728. This indicates that the stock is currently neutral.
What is the MACD signal for SK GROWTH OPPORTUNITIES CO-A (SKGR) stock?
The MACD indicator for SK GROWTH OPPORTUNITIES CO-A (SKGR) has a value of -0.0377625, indicating a bearish trend.