SKYWARD SPECIALTY INSURANCE (SKWD) Stock Technical Analysis
NASDAQ:SKWD - Nasdaq - US8309401029 - Common Stock - Currency: USD
Taking everything into account, SKWD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SKWD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SKWD is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by SKWD over the past year are nicely spread over this period.
SKWD is one of the better performing stocks in the Insurance industry, it outperforms 93% of 142 stocks in the same industry.
SKWD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SKWD is leading the market.
In the last month SKWD has a been trading in the 58.01 - 65.05 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Besides having an excellent technical rating, SKWD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
42.88
65.65
7 important support areas can be observed.
- A support zone ranging from 62.03 to 62.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.46 from a horizontal line in the daily time frame.
- Support @52.71 from a trend line in the daily time frame.
- Support @48.65 from a horizontal line in the daily time frame.
- Support @46.24 from a trend line in the weekly time frame.
- Support @45.43 from a trend line in the daily time frame.
- Support @43.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @65.00 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 | UP | POSITIVE | The short term trend for SKWD is up. |
| ChartMill Relative Strength | 94.8 | POSITIVE | SKWD has a high relative strength, it outperformed 94.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKWD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKWD is above 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) | 59.42 | NEUTRAL | The RSI value for SKWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SKWD has a negative trend. |
| Stochastics (14,3) | 75.97 | NEUTRAL | The Stochastics value for SKWD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for SKWD suggests some volalility. |
| Average Directional Index/ADX (14) | 24.2 | 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 |
|---|---|---|---|
| 65.01 | 62.02 | 2.99 (4.60%) | 21.74% |
| An entry @65.01. This is a Buy Stop order right above the resistance zone. | An exit @62.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.99 points, which is 4.60%. | When investing 21.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
62.95
-0.51 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.8%
1 Week1.61%
2 Weeks1.7%
1 Month6.95%
3 Month31.06%
6 Month17.31%
12 Month69.81%
2 Year147.84%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.71
ATR(20)%2.79%
ATR Inc-12.65%
Range Today1.44
ADR(20)1.75
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.8
Mansfield2.92
10 Day High65.05
10 Day Low59.65
20 Day High65.05
20 Day Low58.01
52 Week High65.05
52 Week Low33.42
CS1 End62.94
CR1 Start65
Volume & EV
DER(3)-1.15%
DER(5)-1.1%
Volume217.30K
Volume Incr-11.97%
Vol(5)349.62K
Vol(50)423.06K