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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, SKYW did better than 89% of all other stocks.
SKYW is part of the Passenger Airlines industry. There are 22 other stocks in this industry. SKYW outperforms 76% of them.
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.
In the last month SKYW has a been trading in the 105.97 - 119.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although SKYW has an excellent technical rating, it does not offer a high quality setup 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
88.95
122.13
4 important support areas can be observed.
- A support zone ranging from 103.40 to 105.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.92 from a horizontal line in the daily time frame.
- A support zone ranging from 95.22 to 95.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 120.92 to 120.92. 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 | UP | POSITIVE | The long term trend for SKYW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYW is neutral. |
| ChartMill Relative Strength | 89 | POSITIVE | SKYW has a high relative strength, it outperformed 89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKYW is below 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) | 47.68 | NEUTRAL | The RSI value for SKYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests SKYW has a negative trend. |
| Stochastics (14,3) | 50.8 | NEUTRAL | The Stochastics value for SKYW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for SKYW 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)
109.11
-6.85 (-5.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-5.91%
1 Week-2.84%
2 Weeks-3.57%
1 Month1.23%
3 Month16.31%
6 Month-9.77%
12 Month51.94%
2 Year141.93%
3 Year412.49%
5 Year224.25%
10 Year586.23%
15 Year756.44%
Volatility
ATR(14)3.69
ATR(20)%3.49%
ATR Inc50.29%
Range Today5.04
ADR(20)3.35
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89
Mansfield0.5
10 Day High119.44
10 Day Low108.19
20 Day High119.44
20 Day Low105.97
52 Week High135.57
52 Week Low64.61
CS1 End105.39
CR1 Start120.92
Volume & EV
DER(3)-0.69%
DER(5)-0.58%
Volume415.10K
Volume Incr13.97%
Vol(5)477.73K
Vol(50)340.67K