FIRST TRUST CLOUD COMPUTING (SKYE.AS) Stock Technical Analysis
AMS:SKYE - Euronext Amsterdam - IE00BFD2H405 - ETF - Currency: EUR
Overall SKYE gets a technical rating of 9 out of 10. SKYE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
SKYE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.78, a Stop Loss order could be placed below this zone.
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33.96
We found 4 important support areas.
- A support zone ranging from 43.00 to 43.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.05 to 42.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.16 from a trend line in the weekly time frame.
- Support @34.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.41 to 44.46. 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 SKYE.AS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYE.AS is up. |
| ChartMill Relative Strength | 82.57 | POSITIVE | SKYE.AS has a high relative strength, it outperformed 82.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKYE.AS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKYE.AS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SKYE.AS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.95 | NEUTRAL | The RSI value for SKYE.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SKYE.AS has a positive trend. |
| Stochastics (14,3) | 79.65 | NEUTRAL | The Stochastics value for SKYE.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for SKYE.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 7.94 | NEGATIVE | The low ADX value for SKYE.AS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 44.47 | 42.48 | 1.99 (4.47%) | 22.35% |
| An entry @44.47. This is a Buy Stop order right above the resistance zone. | An exit @42.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.99 points, which is 4.47%. | For a 1.00% total portfolio risk, you can invest 22.35% of your capital in this trade. |
- 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.
AMS:SKYE (7/23/2025, 7:00:00 PM)
44.4
+0.26 (+0.59%)