SKYWATER TECHNOLOGY INC (SKYT) Stock Technical Analysis
NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock - Currency: USD
Overall SKYT gets a technical rating of 10 out of 10. 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 88% of all stocks.
SKYT is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. SKYT outperforms 75% of them.
In the last month SKYT has a been trading in the 9.22 - 11.24 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.
SKYT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKYT is lagging the market.
SKYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 10.27, a Stop Loss order could be placed below this zone. 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
6.28
11.07
4 important support areas can be observed.
- A support zone ranging from 10.18 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.77 from a horizontal line in the daily time frame.
- A support zone ranging from 9.37 to 9.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.89 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.38 | POSITIVE | SKYT has a high relative strength, it outperformed 88.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKYT is above the rising 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) | 55.1 | NEUTRAL | The RSI value for SKYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SKYT has a negative trend. |
| Stochastics (14,3) | 57.21 | NEUTRAL | The Stochastics value for SKYT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for SKYT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.74 | POSITIVE | The high ADX value value for SKYT suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.44 | 10.17 | 0.27 (2.59%) | 25.00% |
| An entry @10.44. This is a Buy Stop order right above the resistance zone. | An exit @10.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.27 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKYT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.28
-0.41 (-3.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.84%
1 Week5.11%
2 Weeks-2.47%
1 Month13.34%
3 Month33.51%
6 Month-6.29%
12 Month36.34%
2 Year5.11%
3 Year-23.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%5.84%
ATR Inc39.99%
Range Today0.79
ADR(20)0.58
ADR(20)%5.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.38
Mansfield0.24
10 Day High11.24
10 Day Low9.62
20 Day High11.24
20 Day Low9.22
52 Week High19
52 Week Low5.63
CS1 End10.27
CR1 Start10.43
Volume & EV
DER(3)-1.88%
DER(5)0.56%
Volume581.40K
Volume Incr4.79%
Vol(5)737.36K
Vol(50)731.84K