SKY HARBOUR GROUP CORP (SKYH) Stock Technical Analysis
NYSE:SKYH • US83085C1071
We assign a technical rating of 0 out of 10 to SKYH. SKYH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 81% of all other stocks performed better in the past year than SKYH.
- SKYH is part of the Transportation Infrastructure industry. There are 6 other stocks in this industry, of which 100% are performing better than SKYH.
- SKYH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SKYH has a been trading in the 8.28 - 9.44 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.
Although the technical rating is bad, SKYH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.55, a Stop Loss order could be placed below this zone.
More info and screens
8.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.45 to 8.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.29 to 8.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.91 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.62 to 9.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.85 to 9.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.72 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 | DOWN | NEGATIVE | The long term trend for SKYH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYH is neutral. |
| ChartMill Relative Strength | 19.79 | NEGATIVE | SKYH has a low relative strength, it was outperformed by 80.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKYH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKYH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKYH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.74 | NEUTRAL | The RSI value for SKYH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SKYH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.54 | NEUTRAL | The Stochastics value for SKYH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYH suggests some volalility. |
| Average Directional Index/ADX (14) | 7.47 | NEGATIVE | The low ADX value for SKYH suggests a weak or negative trend. |
8.78
-0.38 (-4.15%)
SKY HARBOUR GROUP CORP / SKYH FAQ
Can you provide the ChartMill technical rating for SKY HARBOUR GROUP CORP?
ChartMill assigns a technical rating of 0 / 10 to SKYH.
Can you provide the trend direction for SKY HARBOUR GROUP CORP?
The current trend direction for SKY HARBOUR GROUP CORP (SKYH) is Bearish.
What is the RSI signal for SKYH stock?
SKY HARBOUR GROUP CORP (SKYH) has an RSI value of 45.7372. This indicates that the stock is currently neutral.
What is the MACD signal for SKY HARBOUR GROUP CORP (SKYH) stock?
The MACD indicator for SKY HARBOUR GROUP CORP (SKYH) has a value of 0.0161223, indicating a bearish trend.