SKYWEST INC (SKYW) Stock Technical Analysis
NASDAQ:SKYW - US8308791024 - Common Stock
119.22 USD
-1.28 (-1.06%)
119.22 USD
0 (0%)
Overall SKYW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SKYW has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SKYW is one of the better performing stocks in the market, outperforming 87% of all stocks.
SKYW is part of the Passenger Airlines industry. There are 23 other stocks in this industry. SKYW outperforms 72% of them.
SKYW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKYW is lagging the market slightly.
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.
Besides having an excellent technical rating, SKYW also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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
91.74
124.96
When analyzing the support we can see 3 important areas.
- A support zone ranging from 118.20 to 118.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 109.11 to 113.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.67 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 121.31 to 121.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @123.72 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SKYW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYW is up. |
| ChartMill Relative Strength | 87.78 | POSITIVE | SKYW has a high relative strength, it outperformed 87.78% 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) | UP | POSITIVE | The current price of SKYW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKYW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.26 | NEUTRAL | The RSI value for SKYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SKYW has a negative trend. |
| Stochastics (14,3) | 72.71 | NEUTRAL | The Stochastics value for SKYW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYW suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for SKYW suggests a weak or negative 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 |
|---|---|---|---|
| 121.41 | 118.19 | 3.22 (2.65%) | 25.00% |
| An entry @121.41. This is a Buy Stop order right above the resistance zone. | An exit @118.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.22 points, which is 2.65%. | For a 0.66% 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 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.
119.22
-1.28 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-1.06%
1 Week-2.68%
2 Weeks4.15%
1 Month6.66%
3 Month15.46%
6 Month35.37%
12 Month57.95%
2 Year184.26%
3 Year633.21%
5 Year299.26%
10 Year614.75%
15 Year754.01%
Volatility
ATR(14)3.4
ATR(20)%2.86%
ATR Inc13.49%
Range Today3.78
ADR(20)3.28
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.78
Mansfield0.74
10 Day High123.94
10 Day Low114.73
20 Day High123.94
20 Day Low109.06
52 Week High135.57
52 Week Low72.7
CS1 End118.21
CR1 Start121.31
Volume & EV
DER(3)1.06%
DER(5)0.9%
Volume333.50K
Volume Incr13.93%
Vol(5)350.76K
Vol(50)368.88K