SKLZ Technical Analysis - SKILLZ INC

Technical Rating and Analysis

Overall SKLZ gets a technical rating of 2 out of 10. SKLZ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month SKLZ has a been trading in the 6.90 - 8.28 range, which is quite wide. It is currently trading near the lows of this range.

SKLZ is part of the Entertainment industry. There are 80 other stocks in this industry. SKLZ outperforms 72% of them.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Looking at the yearly performance, SKLZ did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

SKLZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKLZ is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SKLZ 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.99

9.09

When analyzing the support we notice one important area.

A support zone ranging from 7.06 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 7.44 to 7.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 7.78 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @8.09 from a horizontal line in the weekly time frame.
Resistance @9.00 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for SKLZ is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SKLZ is down.
ChartMill Relative Strength	79.11	POSITIVE	SKLZ has a high relative strength, it outperformed 79.11% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SKLZ is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SKLZ is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SKLZ is above the rising SMA(200).
Relative Strength Index/RSI (14)	37.74	NEUTRAL	The RSI value for SKLZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests SKLZ has a negative trend.
Stochastics (14,3)	14.89	OVERSOLD	The low Stochastics value suggests SKLZ may be oversold.
Average True Range in percent/ATR (20)	4.29	MEDIUM VOLATILITY	The ATR as a percentage value for SKLZ suggests some volalility.
Average Directional Index/ADX (14)	19.53	NEGATIVE	The low ADX value for SKLZ suggests a weak or negative trend.