SK GROWTH OPPORTUNITIES -29 (SKGRW) Stock Technical Analysis
NASDAQ:SKGRW -
0.67 USD
+0.09 (+15.52%)
0.78 USD
+0.11 (+16.42%)
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, SKGRW did better than 95% of all other 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.
Besides having an excellent technical rating, SKGRW 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. Another positive sign is the recent Pocket Pivot signal.
- 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
0.46
0.68
We found 2 important support 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.
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. |
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 |
|---|---|---|---|
| 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.
0.67
+0.09 (+15.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg15.52%
1 Week13.56%
2 Weeks4.7%
1 Month21.82%
3 Month17.56%
6 Month179.17%
12 Month67.04%
2 Year317.97%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%13.02%
ATR Inc96.31%
Range Today0.23
ADR(20)0.09
ADR(20)%12.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.9
Mansfield10.27
10 Day High0.75
10 Day Low0.4
20 Day High0.75
20 Day Low0.4
52 Week High0.75
52 Week Low0.15
CS1 End0.52
CR1 StartN/A
Volume & EV
DER(3)23%
DER(5)20.68%
Volume198.10K
Volume Incr20.28%
Vol(5)78.48K
Vol(50)52.73K