SKYWATER TECHNOLOGY INC (SKYT) Stock Technical Analysis
NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock - Currency: USD
Taking everything into account, SKYT scores 8 out of 10 in our technical rating. In the last year, SKYT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SKYT is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. SKYT outperforms 86% of them.
In the last month SKYT has a been trading in the 8.49 - 14.56 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, SKYT did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SKYT has an excellent technical rating, it does not present a decent entry opportunity 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
6.32
14.23
2 important support areas can be observed.
- Support @9.04 from a trend line in the daily time frame.
- Support @6.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.09 to 14.09. 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 | NEUTRAL | NEUTRAL | The long term trend for SKYT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYT is up. |
| ChartMill Relative Strength | 88.77 | POSITIVE | SKYT has a high relative strength, it outperformed 88.77% 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) | 62.71 | NEUTRAL | The RSI value for SKYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests SKYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.33 | OVERBOUGHT | The high Stochastics value suggests SKYT may be overbought. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for SKYT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.99 | 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)
12.65
-0.9 (-6.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-6.64%
1 Week39.47%
2 Weeks24.02%
1 Month29.35%
3 Month42.29%
6 Month26.25%
12 Month25.37%
2 Year88.81%
3 Year-2.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%6.7%
ATR Inc-0.61%
Range Today1.06
ADR(20)0.74
ADR(20)%5.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.77
Mansfield2.19
10 Day High14.56
10 Day Low8.49
20 Day High14.56
20 Day Low8.49
52 Week High19
52 Week Low5.67
CS1 End9.04
CR1 Start14.09
Volume & EV
DER(3)-3.66%
DER(5)-1.43%
Volume2.13M
Volume Incr357.24%
Vol(5)2.85M
Vol(50)880.68K