Taking everything into account, SKYW scores 3 out of 10 in our technical rating. In the past year, SKYW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, SKYW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 101.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.41, 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
87.53
3 important support areas can be observed.
- A support zone ranging from 95.22 to 97.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.53 to 92.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @88.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 101.53 to 101.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @120.92 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SKYW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYW is up. |
| ChartMill Relative Strength | 20.3 | NEGATIVE | SKYW has a low relative strength, it was outperformed by 79.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKYW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SKYW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKYW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.25 | NEUTRAL | The RSI value for SKYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests SKYW has a positive trend. |
| Stochastics (14,3) | 84.01 | OVERBOUGHT | The high Stochastics value suggests SKYW may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for SKYW suggests a weak or negative trend. |
101.52
+0.3 (+0.3%)
SKYWEST INC / SKYW FAQ
What is the technical rating for SKYW stock?
ChartMill assigns a technical rating of 3 / 10 to SKYW.
Can you provide the trend direction for SKYWEST INC?
The current trend direction for SKYWEST INC (SKYW) is Bearish.
Can you provide the RSI signal for SKYWEST INC?
SKYWEST INC (SKYW) has an RSI value of 57.2455. This indicates that the stock is currently neutral.
What is the MACD signal for SKYWEST INC (SKYW) stock?
The MACD indicator for SKYWEST INC (SKYW) has a value of 0.814782, indicating a bearish trend.
Can you provide the support and resistance levels for SKYWEST INC?
SKYWEST INC (SKYW) has a support level at 97.41 and a resistance level at 101.53. Check the full technical report for our detailed analysis of SKYW support and resistance levels.