SK GROWTH OPPORTUNITIES -29 (SKGRW) Technical Analysis
NASDAQ:SKGRW
Current stock price
SKGRW Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SKGRW. In the last year, SKGRW 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.
- A new 52 week high is currently being made by SKGRW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SKGRW has a been trading in the 0.40 - 0.75 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that SKGRW is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SKGRW Weekly and Daily overview Charts
SKGRW Setup Rating and Analysis
SKGRW 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. We notice that large players showed an interest for SKGRW in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SKGRW Support and Resistance Analysis
0.46
When analyzing the support we can see 2 important areas.
- Support @0.52 from a trend line in the daily time frame.
- Support @0.46 from a trend line in the daily time frame.
SKGRW 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 SKGRW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKGRW is neutral. |
| ChartMill Relative Strength | 95.9 | POSITIVE | SKGRW has a high relative strength, it outperformed 95.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKGRW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKGRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKGRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for SKGRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SKGRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.24 | NEUTRAL | The Stochastics value for SKGRW is a neutral value. |
| Average True Range in percent/ATR (20) | 13.02 | HIGH VOLATILITY | The high ATR as a percentage value for SKGRW suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | NEGATIVE | The low ADX value for SKGRW suggests a weak or negative trend. |
SKGRW Chart- and CandleStick Pattern Analysis
SKGRW 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 |
|---|---|---|---|
| 0.76 | 0.51 | 0.25 (32.89%) | 3.04% |
| An entry @0.76. This is a Buy Stop order right above the 10 day high. | An exit @0.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 32.89%. | For a 1.00% total portfolio risk, you can invest 3.04% 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.
SKGRW Technicals: Chart, Performance Metrics, Trend & Indicators
0.67
+0.09 (+15.52%)
SK GROWTH OPPORTUNITIES -29 / SKGRW TA FAQ
Can you provide the ChartMill technical rating for SK GROWTH OPPORTUNITIES -29?
ChartMill assigns a technical rating of 7 / 10 to SKGRW.
Can you provide the trend direction for SK GROWTH OPPORTUNITIES -29?
The current trend direction for SK GROWTH OPPORTUNITIES -29 (SKGRW) is Bearish.
Can you provide the RSI signal for SK GROWTH OPPORTUNITIES -29?
SK GROWTH OPPORTUNITIES -29 (SKGRW) has an RSI value of 59.7416. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SK GROWTH OPPORTUNITIES -29?
The MACD indicator for SK GROWTH OPPORTUNITIES -29 (SKGRW) has a value of -0.00231416, indicating a bearish trend.
What are the support and resistance levels for SK GROWTH OPPORTUNITIES -29 (SKGRW) stock?
SK GROWTH OPPORTUNITIES -29 (SKGRW) has a support level at 0.52. Check the full technical report for our detailed analysis of SKGRW support and resistance levels.