SK GROWTH OPPORTUNITIES CO-A (SKGR) Stock Technical Analysis
NASDAQ:SKGR - Nasdaq - KYG8192N1034 - Common Stock - Currency: USD
Overall SKGR gets a technical rating of 8 out of 10. 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
Besides having an excellent technical rating, SKGR 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
10.64
12.14
We found 3 important support areas.
- 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.
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. |
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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 1.78 points, which is 13.27%. | For a 1.00% total portfolio risk, you can invest 7.53% 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.
12.02
+0.58 (+5.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.07%
1 Week5.25%
2 Weeks-5.21%
1 Month2.82%
3 Month3.44%
6 Month5.3%
12 Month8.58%
2 Year14.8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%4.5%
ATR Inc55.91%
Range Today1.22
ADR(20)0.52
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.9
Mansfield1.72
10 Day High13.4
10 Day Low10.39
20 Day High13.4
20 Day Low10.39
52 Week High13.4
52 Week Low10.39
CS1 End11.76
CR1 StartN/A
Volume & EV
DER(3)2.46%
DER(5)-2.62%
Volume196.20K
Volume Incr74.54%
Vol(5)159.44K
Vol(50)63.39K