SKYWEST INC (SKYW) Stock Technical Analysis
NASDAQ:SKYW - Nasdaq - US8308791024 - Common Stock - Currency: USD
Overall SKYW gets a technical rating of 9 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, SKYW is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SKYW is part of the Passenger Airlines industry. There are 23 other stocks in this industry. SKYW outperforms 90% of them.
SKYW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that SKYW is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SKYW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKYW is lagging the market slightly.
Besides having an excellent technical rating, SKYW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 102.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 101.84, a Stop Loss order could be placed below this zone.
More info and screens
79.54
104.88
3 important support areas can be observed.
- A support zone ranging from 100.50 to 101.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.19 from a trend line in the weekly time frame.
- A support zone ranging from 80.34 to 81.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 102.67 to 103.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.05
Mansfield0.57
10 Day High106.11
10 Day Low91.5
20 Day High106.11
20 Day Low83.98
52 Week High135.57
52 Week Low64.61
Performance
1 Week-0.11%
2 Weeks7.9%
1 Month22.05%
3 Month5.38%
6 Month-8.98%
12 Month35.71%
2 Year240.52%
3 Year277.78%
5 Year217.59%
10 Year588.18%
15 Year594.75%
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)
Technical Indicators
MACD(12,26,9)0.87
RSI(14)66.08
LBB88.61
UBB107.47
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 |
|---|---|---|---|
| 103.85 | 100.49 | 3.36 (3.24%) | 25.00% |
| An entry @103.85. This is a Buy Stop order right above the resistance zone. | An exit @100.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.36 points, which is 3.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The distance between exit and entry is rather small compared to the average daily movement of SKYW. 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.
101.85
-0.82 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-0.8%
1 Week-0.11%
2 Weeks7.9%
1 Month22.05%
3 Month5.38%
6 Month-8.98%
12 Month35.71%
2 Year240.52%
3 Year277.78%
5 Year217.59%
10 Year588.18%
15 Year594.75%
Volatility
ATR(14)3.59
ATR(20)%3.69%
ATR Inc-37.64%
Range Today2.4
ADR(20)3.35
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.05
Mansfield0.57
10 Day High106.11
10 Day Low91.5
20 Day High106.11
20 Day Low83.98
52 Week High135.57
52 Week Low64.61
CS1 End101.84
CR1 Start102.67
Volume & EV
DER(3)-1.21%
DER(5)-0.71%
Volume208.10K
Volume Incr-16.08%
Vol(5)316.74K
Vol(50)474.38K