CHAMPION HOMES INC (SKY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKY - US8308301055 - Common Stock
Overall SKY gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SKY is only an average performer.
Although SKY has an excellent technical rating, it does not present a decent entry opportunity 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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When analyzing the support we can see 4 important areas.
- A support zone ranging from 80.76 to 81.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.88 to 77.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.96 to 66.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.11 to 86.11. 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 | UP | POSITIVE | The short term trend for SKY is up. |
| ChartMill Relative Strength | 40.35 | 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) | DOWN | MIXED | The current price of SKY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.24 | NEUTRAL | The RSI value for SKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests SKY has a positive trend. |
| Stochastics (14,3) | 87.19 | OVERBOUGHT | The high Stochastics value suggests SKY may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SKY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.44 | NEUTRAL | The ADX value for SKY suggests a possible start of a new trend. |
86.1
+0.5 (+0.58%)
CHAMPION HOMES INC / SKY FAQ
Can you provide the ChartMill technical rating for CHAMPION HOMES INC?
ChartMill assigns a technical rating of 8 / 10 to SKY.
Can you provide the trend direction for CHAMPION HOMES INC?
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 65.2422. This indicates that the stock is currently neutral.
What is the MACD signal for SKY stock?
The MACD indicator for CHAMPION HOMES INC (SKY) has a value of 0.624608, indicating a bearish trend.
What is the buy/sell signal for SKY stock?
The buy/sell signal for CHAMPION HOMES INC (SKY) is buy as both the short term and long term trends are positive.