SKYWARD SPECIALTY INSURANCE (SKWD) Stock Technical Analysis
NASDAQ:SKWD - Nasdaq - US8309401029 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SKWD. In the last year, SKWD was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SKWD has a been trading in the 55.78 - 65.05 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, SKWD did better than 89% of all other stocks. We also observe that the gains produced by SKWD over the past year are nicely spread over this period.
SKWD is part of the Insurance industry. There are 144 other stocks in this industry. SKWD outperforms 91% of them.
SKWD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKWD is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Volume is considerably higher in the last couple of days.
SKWD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 56.92, a Stop Loss order could be placed below this zone.
More info and screens
43.54
65.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 56.21 to 56.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.44 from a trend line in the daily time frame.
- Support @48.65 from a horizontal line in the daily time frame.
- Support @46.98 from a trend line in the weekly time frame.
- Support @43.98 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @65.01 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 | UP | POSITIVE | The long term trend for SKWD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKWD is down. |
| ChartMill Relative Strength | 89.61 | POSITIVE | SKWD has a high relative strength, it outperformed 89.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKWD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SKWD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKWD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.77 | NEUTRAL | The RSI value for SKWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests SKWD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.62 | OVERSOLD | The low Stochastics value suggests SKWD may be oversold. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for SKWD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.04 | NEUTRAL | The ADX value for SKWD suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.86 | 56.20 | 1.66 (2.87%) | 25.00% |
| An entry @57.86. This is a Buy Stop order right above the 10 day moving average. | An exit @56.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.66 points, which is 2.87%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKWD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.93
+0.12 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.21%
1 Week-0.7%
2 Weeks-4.85%
1 Month-8.1%
3 Month8.19%
6 Month12.07%
12 Month57.35%
2 Year124.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%3.37%
ATR Inc-33.45%
Range Today1.33
ADR(20)1.88
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.61
Mansfield1.03
10 Day High60
10 Day Low55.78
20 Day High65.05
20 Day Low55.78
52 Week High65.05
52 Week Low34.1
CS1 End56.92
CR1 Start65.01
Volume & EV
DER(3)-1.93%
DER(5)-2.51%
Volume1.59M
Volume Incr78.76%
Vol(5)589.10K
Vol(50)383.95K