SKYE BIOSCIENCE INC (SKYE) Stock Technical Analysis
NASDAQ:SKYE - Nasdaq - US83086J2006 - Common Stock - Currency: USD
Overall SKYE gets a technical rating of 2 out of 10. 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.
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 part of the Biotechnology industry. There are 561 other stocks in this industry, of which 71% are performing better than SKYE.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SKYE has a been trading in the 1.63 - 2.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SKYE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.25. Right above this resistance zone may be a good entry point.
More info and screens
1.94
2.27
When analyzing the support we notice one important area.
- A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.25 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.91
Mansfield-5.01
10 Day High2.22
10 Day Low1.68
20 Day High2.3
20 Day Low1.63
52 Week High12.45
52 Week Low1.14
Performance
1 Week16.32%
2 Weeks21.43%
1 Month27.75%
3 Month-25.84%
6 Month-46.36%
12 Month-81.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)57.47
LBB1.69
UBB2.26
2.21
+0.24 (+12.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg12.18%
1 Week16.32%
2 Weeks21.43%
1 Month27.75%
3 Month-25.84%
6 Month-46.36%
12 Month-81.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%10.03%
ATR Inc12.47%
Range Today0.25
ADR(20)0.22
ADR(20)%9.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.91
Mansfield-5.01
10 Day High2.22
10 Day Low1.68
20 Day High2.3
20 Day Low1.63
52 Week High12.45
52 Week Low1.14
CS1 End1.97
CR1 Start2.25
Volume & EV
DER(3)-4.16%
DER(5)-5.2%
Volume250.13K
Volume Incr-39.68%
Vol(5)214.54K
Vol(50)823.84K