SKILLSOFT CORP (SKIL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKIL - US83066P3091 - Common Stock
Overall SKIL gets a technical rating of 0 out of 10. SKIL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SKIL is a bad performer in the overall market: 97% of all stocks are doing better.
- SKIL is one of the lesser performing stocks in the Professional Services industry. 82% of 88 stocks in the same industry do better.
- SKIL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SKIL has a been trading in the 6.95 - 10.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SKIL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.10
2 important support areas can be observed.
- A support zone ranging from 8.39 to 8.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.16 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.64 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @12.14 from a trend line in the weekly time frame.
- Resistance @13.42 from a trend line in the weekly time frame.
- Resistance @14.96 from a trend line in the daily time frame.
- Resistance @16.55 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 | DOWN | NEGATIVE | The long term trend for SKIL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKIL is neutral. |
| ChartMill Relative Strength | 3.39 | NEGATIVE | SKIL has a low relative strength, it was outperformed by 96.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKIL is above 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) | 49.03 | NEUTRAL | The RSI value for SKIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SKIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.8 | NEUTRAL | The Stochastics value for SKIL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.28 | HIGH VOLATILITY | The high ATR as a percentage value for SKIL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for SKIL suggests a possible start of a new trend. |
8.5
-0.7 (-7.61%)
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 49.0322. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SKILLSOFT CORP?
SKILLSOFT CORP (SKIL) has a support level at 8.49 and a resistance level at 9.64. Check the full technical report for our detailed analysis of SKIL support and resistance levels.