SKYWARD SPECIALTY INSURANCE (SKWD) Stock Technical Analysis
NASDAQ:SKWD • US8309401029
Overall SKWD gets a technical rating of 1 out of 10. SKWD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SKWD is a bad performer in the overall market: 74% of all stocks are doing better.
- SKWD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SKWD has a been trading in the 42.45 - 47.38 range, which is quite wide. It is currently trading near the high of this range.
- SKWD is an average performer in the Insurance industry, it outperforms 42% of 149 stocks in the same industry.
Although the technical rating is bad, SKWD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
43.53
We found 2 important support areas.
- Support @46.06 from a trend line in the daily time frame.
- Support @43.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 48.91 to 49.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 51.16 to 52.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SKWD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKWD is neutral. |
| ChartMill Relative Strength | 26.19 | NEGATIVE | SKWD has a low relative strength, it was outperformed by 73.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKWD is above 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) | DOWN | NEGATIVE | The current price of SKWD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.75 | NEUTRAL | The RSI value for SKWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests SKWD has a positive trend. |
| Stochastics (14,3) | 65.86 | NEUTRAL | The Stochastics value for SKWD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SKWD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for SKWD suggests a possible start of a new trend. |
46.07
+0.82 (+1.81%)
SKYWARD SPECIALTY INSURANCE / SKWD FAQ
What is the technical rating for SKWD stock?
ChartMill assigns a technical rating of 1 / 10 to SKWD.
What is the current trend direction of SKYWARD SPECIALTY INSURANCE (SKWD) stock?
The current trend direction for SKYWARD SPECIALTY INSURANCE (SKWD) is Bearish.
What is the RSI signal for SKWD stock?
SKYWARD SPECIALTY INSURANCE (SKWD) has an RSI value of 51.7504. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SKYWARD SPECIALTY INSURANCE?
The short term momentum for SKYWARD SPECIALTY INSURANCE (SKWD) is neutral.
Can you provide the support and resistance levels for SKYWARD SPECIALTY INSURANCE?
SKYWARD SPECIALTY INSURANCE (SKWD) has a support level at 46.06 and a resistance level at 48.91. Check the full technical report for our detailed analysis of SKWD support and resistance levels.