SKYE BIOSCIENCE INC (SKYE) Technical Analysis
NASDAQ:SKYE • US83086J2006
Current stock price
SKYE Technical Rating and Analysis
Overall SKYE gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SKYE was also a bad performer in the overall market in the last year.
- 92% of all other stocks performed better in the past year than SKYE.
- SKYE is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 76% are performing better than SKYE.
- SKYE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SKYE has a been trading in the 0.57 - 0.74 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Considerably lower volume is observed in the last couple of days.
SKYE Weekly and Daily overview Charts
SKYE Setup Rating and Analysis
SKYE has a bad technical rating, but it does show 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 0.73. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SKYE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
SKYE Support and Resistance Analysis
0.71
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SKYE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SKYE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYE is up. |
| ChartMill Relative Strength | 8.63 | NEGATIVE | SKYE has a low relative strength, it was outperformed by 91.37% 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) | DOWN | NEGATIVE | The current price of SKYE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKYE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.14 | NEUTRAL | The RSI value for SKYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SKYE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.2 | OVERBOUGHT | The high Stochastics value suggests SKYE may be overbought. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for SKYE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for SKYE suggests a possible start of a new trend. |
SKYE Chart- and CandleStick Pattern Analysis
SKYE Technicals: Chart, Performance Metrics, Trend & Indicators
0.72
-0.01 (-0.8%)
SKYE BIOSCIENCE INC / SKYE TA FAQ
What is the technical rating for SKYE stock?
ChartMill assigns a technical rating of 2 / 10 to SKYE.
Can you provide the trend direction for SKYE BIOSCIENCE INC?
The current trend direction for SKYE BIOSCIENCE INC (SKYE) is Bearish.
What is the RSI signal for SKYE BIOSCIENCE INC (SKYE) stock?
SKYE BIOSCIENCE INC (SKYE) has an RSI value of 54.1431. This indicates that the stock is currently neutral.
What is the MACD signal for SKYE BIOSCIENCE INC (SKYE) stock?
The MACD indicator for SKYE BIOSCIENCE INC (SKYE) has a value of 0.0172279, indicating a bearish trend.
Can you provide the short term momentum for SKYE BIOSCIENCE INC?
The short term momentum for SKYE BIOSCIENCE INC (SKYE) is positive.