SKILLSOFT CORP (SKIL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SKIL • US83066P3091
We assign a technical rating of 0 out of 10 to SKIL. SKIL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 97% of all other stocks performed better in the past year than SKIL.
- SKIL is part of the Professional Services industry. There are 89 other stocks in this industry, of which 78% are performing better than SKIL.
- SKIL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SKIL has a been trading in the 6.33 - 10.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of SKIL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.04
When analyzing the support we notice one important area.
- A support zone ranging from 6.10 to 6.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 8.87 to 8.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.20 from a trend line in the daily time frame.
- Resistance @11.05 from a trend line in the weekly time frame.
- Resistance @12.62 from a trend line in the weekly time frame.
- Resistance @14.95 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for SKIL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKIL is down. |
| ChartMill Relative Strength | 3.9 | NEGATIVE | SKIL has a low relative strength, it was outperformed by 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKIL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKIL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKIL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.91 | NEUTRAL | The RSI value for SKIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests SKIL has a negative trend. |
| Stochastics (14,3) | 9.63 | OVERSOLD | The low Stochastics value suggests SKIL may be oversold. |
| Average True Range in percent/ATR (20) | 13.58 | HIGH VOLATILITY | The high ATR as a percentage value for SKIL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.88 | NEGATIVE | The low ADX value for SKIL suggests a weak or negative trend. |
6.45
-1.03 (-13.77%)
SKILLSOFT CORP / SKIL FAQ
What is the technical rating for SKIL stock?
ChartMill assigns a technical rating of 0 / 10 to SKIL.
What is the trend direction for SKIL stock?
The current trend direction for SKILLSOFT CORP (SKIL) is Bearish.
What is the RSI signal for SKIL stock?
SKILLSOFT CORP (SKIL) has an RSI value of 35.9052. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SKILLSOFT CORP?
The buy/sell signal for SKILLSOFT CORP (SKIL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SKIL stock?
SKILLSOFT CORP (SKIL) has a support level at 6.19 and a resistance level at 8.87. Check the full technical report for our detailed analysis of SKIL support and resistance levels.