SKYW Technical Analysis - SKYWEST INC

Technical Rating and Analysis

Overall SKYW gets a technical rating of 0 out of 10. SKYW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, SKYW is a bad performer in the overall market: 72% of all stocks are doing better.

SKYW is one of the lesser performing stocks in the Passenger Airlines industry. 65% of 21 stocks in the same industry do better.

In the last month SKYW has a been trading in the 96.00 - 104.92 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

SKYW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKYW is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SKYW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 97.94, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

86.10

122.13

3 important support areas can be observed.

A support zone ranging from 97.24 to 97.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @95.22 from a horizontal line in the daily time frame.
Support @86.97 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 99.08 to 101.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @120.92 from a horizontal line in the weekly time frame.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for SKYW is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SKYW is down.
ChartMill Relative Strength	28.16	NEGATIVE	SKYW has a low relative strength, it was outperformed by 71.84% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SKYW is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SKYW is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SKYW is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.32	NEUTRAL	The RSI value for SKYW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.49	POSITIVE	The MACD value suggests SKYW has a positive trend, although the MACD value is declining.
Stochastics (14,3)	63.5	NEUTRAL	The Stochastics value for SKYW is a neutral value.
Average True Range in percent/ATR (20)	2.59	MEDIUM VOLATILITY	The ATR as a percentage value for SKYW suggests some volalility.
Average Directional Index/ADX (14)	24	NEUTRAL	The ADX value for SKYW suggests a possible start of a new trend.