SKY Technical Analysis - CHAMPION HOMES INC

Technical Rating and Analysis

Taking everything into account, SKY scores 1 out of 10 in our technical rating. SKY'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.

When comparing the yearly performance of all stocks, SKY is a bad performer in the overall market: 86% of all stocks are doing better.

SKY 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 SKY has a been trading in the 63.69 - 80.55 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.

SKY is an average performer in the Household Durables industry, it outperforms 45% of 63 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHAMPION HOMES INC / SKY Weekly stock chart

CHAMPION HOMES INC / SKY Daily stock chart

Setup Rating and Analysis

The technical rating of SKY is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

59.72

79.63

We found 1 important support area.

A support zone ranging from 60.32 to 60.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 71.44 to 73.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @76.54 from a trend line in the daily time frame.
Resistance @78.84 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for SKY is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SKY is down.
ChartMill Relative Strength	14.78	NEGATIVE	SKY has a low relative strength, it was outperformed by 85.22% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SKY is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of SKY is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SKY is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.06	NEUTRAL	The RSI value for SKY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.44	NEGATIVE	The MACD value suggests SKY has a negative trend.
Stochastics (14,3)	4.45	OVERSOLD	The low Stochastics value suggests SKY may be oversold.
Average True Range in percent/ATR (20)	4.02	MEDIUM VOLATILITY	The ATR as a percentage value for SKY suggests some volalility.
Average Directional Index/ADX (14)	28.49	POSITIVE	The high ADX value value for SKY suggests a strong trend.