SKYE BIOSCIENCE INC (SKYE) Stock Technical Analysis
NASDAQ:SKYE - Nasdaq - US83086J2006 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to SKYE. In the past year, SKYE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SKYE is a bad performer in the overall market: 96% of all stocks are doing better.
SKYE is one of the lesser performing stocks in the Biotechnology industry. 76% of 559 stocks in the same industry do better.
SKYE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SKYE is lagging the market.
In the last month SKYE has a been trading in the 1.78 - 2.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SKYE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.76
2.40
We found 1 important support area.
- A support zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @2.31 from a trend line in the daily time frame.
- A resistance zone ranging from 2.36 to 2.38. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for SKYE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYE is neutral. |
| ChartMill Relative Strength | 4.11 | NEGATIVE | SKYE has a low relative strength, it was outperformed by 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKYE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKYE is above the rising 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) | 48.29 | NEUTRAL | The RSI value for SKYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SKYE has a negative trend. |
| Stochastics (14,3) | 40.41 | NEUTRAL | The Stochastics value for SKYE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.28 | HIGH VOLATILITY | The high ATR as a percentage value for SKYE suggests high volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for SKYE suggests a strong 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)
2.05
-0.12 (-5.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.53%
1 Week-15.64%
2 Weeks3.54%
1 Month1.99%
3 Month-18%
6 Month-39.35%
12 Month-80.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%11.28%
ATR Inc-46.72%
Range Today0.11
ADR(20)0.22
ADR(20)%10.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.11
Mansfield-4.8
10 Day High2.48
10 Day Low1.99
20 Day High2.48
20 Day Low1.78
52 Week High11.1
52 Week Low1.14
CS1 End1.8
CR1 Start2.31
Volume & EV
DER(3)1%
DER(5)-0.43%
Volume128.60K
Volume Incr-25.8%
Vol(5)184.30K
Vol(50)822.93K