CHAMPION HOMES INC (SKY) Stock Technical Analysis
USA - NYSE:SKY - US8308301055 - Common Stock
74.41 USD
-1.91 (-2.5%)
74.409 USD
0 (0%)
We assign a technical rating of 6 out of 10 to SKY. In the past year, SKY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, SKY turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
SKY is an average performer in the Household Durables industry, it outperforms 51% of 63 stocks in the same industry.
In the last month SKY has a been trading in the 71.13 - 80.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SKY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 74.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
59.73
79.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 72.98 to 74.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.33 to 61.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 77.35 to 78.84. 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 | NEUTRAL | NEUTRAL | The long term trend for SKY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKY is up. |
| ChartMill Relative Strength | 41.4 | NEUTRAL | SKY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKY is below 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) | DOWN | NEGATIVE | The current price of SKY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.37 | NEUTRAL | The RSI value for SKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests SKY has a negative trend. |
| Stochastics (14,3) | 28.29 | NEUTRAL | The Stochastics value for SKY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for SKY suggests some volalility. |
| Average Directional Index/ADX (14) | 32.38 | POSITIVE | The high ADX value value for SKY suggests a strong 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 |
|---|---|---|---|
| 75.72 | 73.64 | 2.08 (2.74%) | 25.00% |
| An entry @75.72. This is a Buy Stop order right above the 10 day moving average. | An exit @73.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.08 points, which is 2.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of SKY. 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.
74.41
-1.91 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.5%
1 Week-0.39%
2 Weeks-5.09%
1 Month4.11%
3 Month23.24%
6 Month-21%
12 Month-19.83%
2 Year16.78%
3 Year40.74%
5 Year177.96%
10 Year2483.68%
15 Year267.28%
Volatility
ATR(14)2.52
ATR(20)%3.16%
ATR Inc-26.96%
Range Today1.56
ADR(20)2.25
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.4
Mansfield-2.24
10 Day High80.55
10 Day Low73.65
20 Day High80.98
20 Day Low71.13
52 Week High116.49
52 Week Low59.44
CS1 End74.4
CR1 Start77.35
Volume & EV
DER(3)-0.69%
DER(5)0.17%
Volume1.99M
Volume Incr55.62%
Vol(5)1.08M
Vol(50)716.84K