SKY HARBOUR GROUP CORP (SKYH) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SKYH • US83085C1071
Overall SKYH gets a technical rating of 2 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SKYH is a bad performer in the overall market: 78% of all stocks are doing better.
- SKYH is one of the lesser performing stocks in the Transportation Infrastructure industry. 80% of 6 stocks in the same industry do better.
- 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 8.78 - 9.87 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. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.84
When analyzing the support we notice one important area.
- Support @8.93 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.31 to 9.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.83 to 10.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.42 from a horizontal line in the weekly time frame.
- Resistance @10.72 from a horizontal line in the daily time frame.
- Resistance @13.34 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for SKYH is down. |
| ChartMill Relative Strength | 22.05 | NEGATIVE | SKYH has a low relative strength, it was outperformed by 77.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKYH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKYH is above the rising 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) | 49.13 | NEUTRAL | The RSI value for SKYH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SKYH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.69 | OVERSOLD | The low Stochastics value suggests SKYH may be oversold. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for SKYH suggests a weak or negative trend. |
9.24
+0.18 (+1.99%)
SKY HARBOUR GROUP CORP / SKYH FAQ
Can you provide the ChartMill technical rating for SKY HARBOUR GROUP CORP?
ChartMill assigns a technical rating of 2 / 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 49.1271. 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 -0.0280112, indicating a bearish trend.
What is the buy/sell signal for SKYH stock?
The buy/sell signal for SKY HARBOUR GROUP CORP (SKYH) is sell as both the short term and long term trends are negative.