SKY QUARRY INC (SKYQ) Stock Technical Analysis
NASDAQ:SKYQ • US83087C2044
We assign a technical rating of 0 out of 10 to SKYQ. SKYQ 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 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.
- 87% of all other stocks performed better in the past year than SKYQ.
- SKYQ is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 88% are performing better than SKYQ.
- SKYQ 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.
- 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.
- In the last month SKYQ has a been trading in the 0.26 - 0.43 range, which is quite wide. It is currently trading near the high of this range.
- SKYQ has an average volume of 7400670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, SKYQ does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for SKYQ 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
0.29
2 important support areas can be observed.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.29 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @0.42 from a trend line in the weekly time frame.
- Resistance @0.46 from a trend line in the weekly time frame.
- Resistance @0.64 from a trend line in the daily time frame.
- Resistance @0.68 from a trend 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 SKYQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYQ is neutral. |
| ChartMill Relative Strength | 13.91 | NEGATIVE | SKYQ has a low relative strength, it was outperformed by 86.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKYQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SKYQ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKYQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.39 | NEUTRAL | The RSI value for SKYQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SKYQ has a positive trend. |
| Stochastics (14,3) | 62.08 | NEUTRAL | The Stochastics value for SKYQ is a neutral value. |
| Average True Range in percent/ATR (20) | 13.45 | HIGH VOLATILITY | The high ATR as a percentage value for SKYQ suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for SKYQ suggests a possible start of a new trend. |
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+0.04 (+12.94%)
SKY QUARRY INC / SKYQ FAQ
Can you provide the ChartMill technical rating for SKY QUARRY INC?
ChartMill assigns a technical rating of 0 / 10 to SKYQ.
What is the trend direction for SKYQ stock?
The current trend direction for SKY QUARRY INC (SKYQ) is Bearish.
What is the RSI signal for SKY QUARRY INC (SKYQ) stock?
SKY QUARRY INC (SKYQ) has an RSI value of 55.3916. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SKY QUARRY INC?
The MACD indicator for SKY QUARRY INC (SKYQ) has a value of 0.00796426, indicating a bearish trend.
What is the support and resistance level for SKYQ stock?
SKY QUARRY INC (SKYQ) has a support level at 0.37 and a resistance level at 0.42. Check the full technical report for our detailed analysis of SKYQ support and resistance levels.