Overall SKRE gets a technical rating of 0 out of 10. SKRE 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, SKRE is a bad performer in the overall market: 91% of all stocks are doing better.
- SKRE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SKRE has a been trading in the 7.36 - 8.78 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.
The technical rating of SKRE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.37
We can see 4 important resistance areas.
- A resistance zone ranging from 7.94 to 8.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.55 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.35 to 10.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.99 from a horizontal 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 SKRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKRE is down. |
| ChartMill Relative Strength | 9.93 | NEGATIVE | SKRE has a low relative strength, it was outperformed by 90.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.57 | NEUTRAL | The RSI value for SKRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SKRE has a negative trend. |
| Stochastics (14,3) | 20.96 | NEUTRAL | The Stochastics value for SKRE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SKRE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for SKRE suggests a possible start of a new trend. |
7.44
-0.26 (-3.38%)
TUTTLE CAP DLY 2X INV REG / SKRE FAQ
What is the technical rating for SKRE stock?
ChartMill assigns a technical rating of 0 / 10 to SKRE.
What is the trend direction for SKRE stock?
The current trend direction for TUTTLE CAP DLY 2X INV REG (SKRE) is Bearish.
What is the RSI signal for TUTTLE CAP DLY 2X INV REG (SKRE) stock?
TUTTLE CAP DLY 2X INV REG (SKRE) has an RSI value of 33.5686. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TUTTLE CAP DLY 2X INV REG?
The buy/sell signal for TUTTLE CAP DLY 2X INV REG (SKRE) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TUTTLE CAP DLY 2X INV REG?
TUTTLE CAP DLY 2X INV REG (SKRE) has a resistance level at 7.94. Check the full technical report for our detailed analysis of SKRE support and resistance levels.