SKYWATER TECHNOLOGY INC (SKYT) Stock Technical Analysis
NASDAQ:SKYT • US83089J1088
Taking everything into account, SKYT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKYT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SKYT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, SKYT also shows a nice and consistent pattern of rising prices.
- SKYT is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. SKYT outperforms 96% of them.
- SKYT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKYT is lagging the market slightly.
- SKYT has an average volume of 2408130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SKYT has a been trading in the 27.55 - 32.96 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.
Although SKYT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.19
We found 3 important support areas.
- A support zone ranging from 28.87 to 28.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.76 to 28.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.37 to 18.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @30.83 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 | UP | POSITIVE | The long term trend for SKYT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYT is up. |
| ChartMill Relative Strength | 98.25 | POSITIVE | SKYT has a high relative strength, it outperformed 98.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKYT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKYT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKYT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for SKYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SKYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.35 | NEUTRAL | The Stochastics value for SKYT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for SKYT suggests a weak or negative trend. |
29.46
-1.37 (-4.44%)
SKYWATER TECHNOLOGY INC / SKYT FAQ
What is the ChartMill technical rating of SKYWATER TECHNOLOGY INC (SKYT) stock?
ChartMill assigns a technical rating of 10 / 10 to SKYT.
What is the current trend direction of SKYWATER TECHNOLOGY INC (SKYT) stock?
The current trend direction for SKYWATER TECHNOLOGY INC (SKYT) is Bullish.
What is the RSI signal for SKYWATER TECHNOLOGY INC (SKYT) stock?
SKYWATER TECHNOLOGY INC (SKYT) has an RSI value of 51.982. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SKYWATER TECHNOLOGY INC?
The short term momentum for SKYWATER TECHNOLOGY INC (SKYT) is positive.
Can you provide the buy/sell signal for SKYWATER TECHNOLOGY INC?
The buy/sell signal for SKYWATER TECHNOLOGY INC (SKYT) is buy as both the short term and long term trends are positive.