SKILLZ INC (SKLZ) Stock Technical Analysis
NYSE:SKLZ - New York Stock Exchange, Inc. - US83067L2088 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SKLZ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SKLZ is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SKLZ has a been trading in the 4.93 - 6.80 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, SKLZ outperforms 54% of them, which is more or less in line with the market.
SKLZ is an average performer in the Entertainment industry, it outperforms 55% of 71 stocks in the same industry.
SKLZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKLZ is lagging the market slightly.
Although SKLZ has an excellent technical rating, it does not offer a high 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
5.98
7.29
2 important support areas can be observed.
- A support zone ranging from 6.33 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.04 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @6.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.70 to 6.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.22 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SKLZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKLZ is up. |
| ChartMill Relative Strength | 54.92 | NEUTRAL | SKLZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKLZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKLZ is above 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) | 64.8 | NEUTRAL | The RSI value for SKLZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SKLZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.8 | NEUTRAL | The Stochastics value for SKLZ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for SKLZ suggests high volalility. |
| Average Directional Index/ADX (14) | 47.9 | POSITIVE | The high ADX value value for SKLZ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.39
+0.34 (+5.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg5.62%
1 Week0%
2 Weeks13.9%
1 Month29.09%
3 Month8.67%
6 Month12.11%
12 Month-6.44%
2 Year-31.73%
3 Year-83.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%5.35%
ATR Inc29.52%
Range Today0.38
ADR(20)0.33
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.92
Mansfield0.74
10 Day High6.8
10 Day Low5.58
20 Day High6.8
20 Day Low4.93
52 Week High7.48
52 Week Low3.54
CS1 End6.35
CR1 Start6.55
Volume & EV
DER(3)0.7%
DER(5)0.79%
Volume67.20K
Volume Incr0.9%
Vol(5)63.68K
Vol(50)69.72K