SKYE BIOSCIENCE INC (SKYE) Stock Technical Analysis
NASDAQ:SKYE - US83086J2006 - Common Stock
3.5 USD
+0.02 (+0.57%)
3.57 USD
+0.07 (+2%)
Taking everything into account, SKYE scores 7 out of 10 in our technical rating. Although SKYE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SKYE is part of the Biotechnology industry. There are 545 other stocks in this industry. SKYE outperforms 70% of them.
In the last month SKYE has a been trading in the 2.96 - 4.07 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SKYE has an average volume of 1075300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SKYE is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SKYE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKYE is lagging the market.
Considerably lower volume is observed in the last couple of days.
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 support zone below the current price at 3.48, a Stop Loss order could be placed below this zone.
More info and screens
3.00
4.53
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.42 to 3.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.28 to 3.31. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @3.13 from a horizontal line in the daily time frame.
- Support @3.03 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.58 from a horizontal line in the daily time frame.
- Resistance @4.32 from a trend line in the weekly time frame.
- Resistance @4.49 from a horizontal line in the daily time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYE is neutral. |
| ChartMill Relative Strength | 77.36 | POSITIVE | SKYE has a high relative strength, it outperformed 77.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKYE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SKYE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKYE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.81 | NEUTRAL | The RSI value for SKYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SKYE has a positive trend. |
| Stochastics (14,3) | 65.84 | NEUTRAL | The Stochastics value for SKYE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for SKYE suggests high volalility. |
| Average Directional Index/ADX (14) | 9.43 | NEGATIVE | The low ADX value for SKYE 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)
3.5
+0.02 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.57%
1 Week6.38%
2 Weeks-0.28%
1 Month2.64%
3 Month76.77%
6 Month22.81%
12 Month-43.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%8.02%
ATR Inc-22.16%
Range Today0.22
ADR(20)0.28
ADR(20)%7.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.36
Mansfield-0.13
10 Day High3.75
10 Day Low3.22
20 Day High4.07
20 Day Low2.96
52 Week High7.11
52 Week Low1.14
CS1 End3.48
CR1 Start3.58
Volume & EV
DER(3)-8.77%
DER(5)-8.37%
Volume159.40K
Volume Incr-51.74%
Vol(5)151.42K
Vol(50)1.08M