SKK Technical Analysis - SKK HOLDINGS LTD

Technical Rating and Analysis

Overall SKK gets a technical rating of 0 out of 10. SKK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, SKK is a bad performer in the overall market: 99% of all stocks are doing better.

SKK is one of the lesser performing stocks in the Construction & Engineering industry. 69% of 54 stocks in the same industry do better.

SKK 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 SKK has a been trading in the 0.33 - 0.46 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

SKK HOLDINGS LTD / SKK Weekly stock chart

SKK HOLDINGS LTD / SKK Daily stock chart

Setup Rating and Analysis

The technical rating of SKK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.35

0.45

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.44 from a trend line in the daily time frame.
A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for SKK is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SKK is down.
ChartMill Relative Strength	1.29	NEGATIVE	SKK has a low relative strength, it was outperformed by 98.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SKK is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SKK is below 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)	31.35	NEUTRAL	The RSI value for SKK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests SKK has a negative trend.
Stochastics (14,3)	19.97	OVERSOLD	The low Stochastics value suggests SKK may be oversold.
Average True Range in percent/ATR (20)	9.28	HIGH VOLATILITY	The high ATR as a percentage value for SKK suggests high volalility.
Average Directional Index/ADX (14)	29.86	POSITIVE	The high ADX value value for SKK suggests a strong trend.