Overall SKK gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SKK was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SKK is a bad performer in the overall market: 92% of all stocks are doing better.
- SKK is part of the Construction & Engineering industry. There are 55 other stocks in this industry, of which 70% are performing better than SKK.
- SKK 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.
- SKK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is bad, SKK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SKK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.32
When analyzing the support we notice one important area.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SKK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKK is up. |
| ChartMill Relative Strength | 8.29 | NEGATIVE | SKK has a low relative strength, it was outperformed by 91.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SKK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.65 | NEUTRAL | The RSI value for SKK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SKK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.44 | NEUTRAL | The Stochastics value for SKK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for SKK suggests high volalility. |
| Average Directional Index/ADX (14) | 26.32 | POSITIVE | The high ADX value value for SKK suggests a strong trend. |
0.3328
-0.01 (-3.56%)
SKK HOLDINGS LTD / SKK FAQ
What is the ChartMill technical rating of SKK HOLDINGS LTD (SKK) stock?
ChartMill assigns a technical rating of 3 / 10 to SKK.
What is the current trend direction of SKK HOLDINGS LTD (SKK) stock?
The current trend direction for SKK HOLDINGS LTD (SKK) is Bearish.
Can you provide the RSI signal for SKK HOLDINGS LTD?
SKK HOLDINGS LTD (SKK) has an RSI value of 54.6486. This indicates that the stock is currently neutral.
What is the short term momentum for SKK stock?
The short term momentum for SKK HOLDINGS LTD (SKK) is positive.
What is the support and resistance level for SKK stock?
SKK HOLDINGS LTD (SKK) has a support level at 0.32 and a resistance level at 0.34. Check the full technical report for our detailed analysis of SKK support and resistance levels.