SKYWATER TECHNOLOGY INC (SKYT) Technical Analysis
NASDAQ:SKYT • US83089J1088
Current stock price
SKYT Technical Rating and Analysis
Taking everything into account, SKYT scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- SKYT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- 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 one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 115 stocks in the same industry.
- SKYT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SKYT is performing more or less in line with the market.
- SKYT has an average volume of 2167840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
SKYT Weekly and Daily overview Charts
SKYT Setup Rating and Analysis
SKYT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SKYT 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
SKYT Support and Resistance Analysis
19.13
We found 2 important support areas.
- A support zone ranging from 27.35 to 27.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.32 to 19.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.64 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @30.83 from a horizontal line in the daily time frame.
SKYT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for SKYT is down. |
| ChartMill Relative Strength | 98.55 | POSITIVE | SKYT has a high relative strength, it outperformed 98.55% 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 | MIXED | The current price of SKYT is below 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) | 41.27 | NEUTRAL | The RSI value for SKYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SKYT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.35 | OVERSOLD | The low Stochastics value suggests SKYT may be oversold. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.25 | NEGATIVE | The low ADX value for SKYT suggests a weak or negative trend. |
SKYT Chart- and CandleStick Pattern Analysis
SKYT Example Setup
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 |
|---|---|---|---|
| 28.71 | 27.34 | 1.37 (4.77%) | 20.96% |
| An entry @28.71. This is a Buy Stop order right above the resistance zone. | An exit @27.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.37 points, which is 4.77%. | When investing 20.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SKYT Technicals: Chart, Performance Metrics, Trend & Indicators
27.36
-0.32 (-1.16%)
SKYWATER TECHNOLOGY INC / SKYT TA FAQ
What is the ChartMill technical rating of SKYWATER TECHNOLOGY INC (SKYT) stock?
ChartMill assigns a technical rating of 7 / 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 41.2671. 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 negative.
Can you provide the buy/sell signal for SKYWATER TECHNOLOGY INC?
The buy/sell signal for SKYWATER TECHNOLOGY INC (SKYT) is hold as the short term and long term trends are mixed.