SKILLZ INC (SKLZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKLZ - US83067L2088 - Common Stock
Overall SKLZ gets a technical rating of 0 out of 10. SKLZ 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.
- When comparing the yearly performance of all stocks, SKLZ is a bad performer in the overall market: 91% of all stocks are doing better.
- SKLZ is one of the lesser performing stocks in the Entertainment industry. 64% of 80 stocks in the same industry do better.
- SKLZ 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 SKLZ has a been trading in the 4.23 - 5.30 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, SKLZ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.53. Right above this resistance zone may be a good entry point.
More info and screens
4.21
We found 1 important support area.
- Support @4.25 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.53 to 4.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.98 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 | DOWN | NEGATIVE | The long term trend for SKLZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKLZ is down. |
| ChartMill Relative Strength | 9.66 | NEGATIVE | SKLZ has a low relative strength, it was outperformed by 90.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKLZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKLZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SKLZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.24 | NEUTRAL | The RSI value for SKLZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SKLZ has a positive trend. |
| Stochastics (14,3) | 26.71 | NEUTRAL | The Stochastics value for SKLZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SKLZ suggests some volalility. |
| Average Directional Index/ADX (14) | 37.45 | POSITIVE | The high ADX value value for SKLZ suggests a strong trend. |
4.52
+0.26 (+6.1%)
SKILLZ INC / SKLZ FAQ
Can you provide the ChartMill technical rating for SKILLZ INC?
ChartMill assigns a technical rating of 0 / 10 to SKLZ.
What is the trend direction for SKLZ stock?
The current trend direction for SKILLZ INC (SKLZ) is Bearish.
Can you provide the RSI signal for SKILLZ INC?
SKILLZ INC (SKLZ) has an RSI value of 42.2369. This indicates that the stock is currently neutral.
What is the short term momentum for SKLZ stock?
The short term momentum for SKILLZ INC (SKLZ) is negative.
What is the buy/sell signal for SKILLZ INC (SKLZ) stock?
The buy/sell signal for SKILLZ INC (SKLZ) is sell as both the short term and long term trends are negative.