CHAMPION HOMES INC (SKY) Stock Technical Analysis
NYSE:SKY • US8308301055
We assign a technical rating of 6 out of 10 to SKY. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SKY is a bad performer.
- 68% of all other stocks performed better in the past year than SKY.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SKY 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 SKY is lagging the market slightly.
- In the last month SKY has a been trading in the 74.61 - 98.49 range, which is quite wide. It is currently trading near the high of this range.
- SKY is part of the Household Durables industry. There are 60 other stocks in this industry, SKY did better than 49% of them.
SKY has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
68.42
We found 5 important support areas.
- A support zone ranging from 88.78 to 89.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.91 from a trend line in the weekly time frame.
- Support @78.71 from a trend line in the daily time frame.
- Support @70.51 from a trend line in the daily time frame.
- Support @69.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 97.34 to 97.46. 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 | UP | POSITIVE | The long term trend for SKY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKY is neutral. |
| ChartMill Relative Strength | 32.18 | NEUTRAL | SKY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.35 | NEUTRAL | The RSI value for SKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests SKY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.51 | NEUTRAL | The Stochastics value for SKY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for SKY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for SKY suggests a possible start of a new trend. |
92.55
-2.7 (-2.83%)
CHAMPION HOMES INC / SKY FAQ
What is the ChartMill technical rating of CHAMPION HOMES INC (SKY) stock?
ChartMill assigns a technical rating of 6 / 10 to SKY.
What is the current trend direction of CHAMPION HOMES INC (SKY) stock?
The current trend direction for CHAMPION HOMES INC (SKY) is Bullish.
What is the RSI signal for SKY stock?
CHAMPION HOMES INC (SKY) has an RSI value of 53.3524. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CHAMPION HOMES INC?
CHAMPION HOMES INC (SKY) has a support level at 89.11 and a resistance level at 97.34. Check the full technical report for our detailed analysis of SKY support and resistance levels.