FIRST TRUST CLOUD COMPUTING (SKYE.AS) Stock Technical Analysis
AMS:SKYE - Euronext Amsterdam - IE00BFD2H405 - ETF - Currency: EUR
Taking everything into account, SKYE scores 6 out of 10 in our technical rating. In the past year, SKYE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: SKYE has an average volume of 4218 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SKYE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, SKYE did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SKYE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKYE is lagging the market slightly.
Although the technical rating is only medium, SKYE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 42.15, a Stop Loss order could be placed below this zone.
More info and screens
33.96
52.44
We found 3 important support areas.
- A support zone ranging from 41.60 to 42.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.49 from a trend line in the weekly time frame.
- Support @34.30 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 42.73 to 44.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.92 to 51.92. 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 SKYE.AS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYE.AS is up. |
| ChartMill Relative Strength | 75.36 | POSITIVE | SKYE.AS has a high relative strength, it outperformed 75.36% 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) | 54.93 | NEUTRAL | The RSI value for SKYE.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SKYE.AS has a negative trend. |
| Stochastics (14,3) | 53.69 | NEUTRAL | The Stochastics value for SKYE.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYE.AS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.49 | NEGATIVE | The low ADX value for SKYE.AS suggests a weak or negative 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 |
|---|---|---|---|
| 42.89 | 41.76 | 1.13 (2.64%) | 25.00% |
| An entry @42.89. This is a Buy Stop order right above the 10 day moving average. | An exit @41.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 2.64%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKYE. 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.
AMS:SKYE (5/29/2025, 7:00:00 PM)
42.29
-0.66 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week-0.96%
2 Weeks-2.87%
1 Month10.71%
3 Month-10.02%
6 Month-13.13%
12 Month23.29%
2 Year49.28%
3 Year53%
5 Year61.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%2.03%
ATR Inc12.63%
Range Today1.52
ADR(20)0.58
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.36
Mansfield-0.25
10 Day High44
10 Day Low41.77
20 Day High44
20 Day Low39.18
52 Week High53.44
52 Week Low31.88
CS1 End42.15
CR1 Start42.73
Volume & EV
DER(3)0%
DER(5)0%
Volume1.47K
Volume Incr-48.64%
Vol(5)1.70K
Vol(50)4.22K