SKILLZ INC (SKLZ) Stock Technical Analysis
USA - 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.
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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5.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.15 to 6.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.05 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.21 to 6.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.24 to 7.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 31.93 | NEUTRAL | SKLZ is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SKLZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKLZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.71 | NEUTRAL | The RSI value for SKLZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SKLZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.59 | NEUTRAL | The Stochastics value for SKLZ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for SKLZ suggests high volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for SKLZ suggests a strong trend. |
6.2
-0.1 (-1.59%)
SKILLZ INC / SKLZ FAQ
Can you provide the ChartMill technical rating for SKILLZ INC?
ChartMill assigns a technical rating of 0 / 10 to SKLZ.
Can you provide the trend direction for SKILLZ INC?
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 34.7121. 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.
Can you provide the support and resistance levels for SKILLZ INC?
SKILLZ INC (SKLZ) has a support level at 6.19 and a resistance level at 6.21. Check the full technical report for our detailed analysis of SKLZ support and resistance levels.