SKYWEST INC (SKYW) Technical Analysis
NASDAQ:SKYW • US8308791024
Current stock price
99.3 USD
+4.52 (+4.77%)
At close:
99.3283 USD
+0.03 (+0.03%)
After Hours:
SKYW Technical Rating and Analysis
Taking everything into account, SKYW scores 5 out of 10 in our technical rating. SKYW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- SKYW is part of the Passenger Airlines industry. There are 22 other stocks in this industry, of which 61% are performing better than SKYW.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SKYW has a been trading in the 87.44 - 101.38 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, SKYW outperforms 49% of them, which is more or less in line with the market.
- 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.
SKYW Weekly and Daily overview Charts
SKYW Setup Rating and Analysis
SKYW has an average technical rating and it also 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
SKYW Support and Resistance Analysis
87.01
122.13
We found 3 important support areas.
- Support @99.25 from a trend line in the weekly time frame.
- A support zone ranging from 95.37 to 97.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.89 to 88.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 104.54 to 108.71. 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.
SKYW 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 | 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 | 49.05 | NEUTRAL | SKYW is not amongst the best or worst performers 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 | NEGATIVE | The current price of SKYW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.18 | NEUTRAL | The RSI value for SKYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests SKYW has a positive trend. |
| Stochastics (14,3) | 67.42 | NEUTRAL | The Stochastics value for SKYW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYW suggests some volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for SKYW suggests a weak or negative trend. |
SKYW Chart- and CandleStick Pattern Analysis
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)
SKYW Technicals: Chart, Performance Metrics, Trend & Indicators
99.3
+4.52 (+4.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg4.77%
1 Week5.29%
2 Weeks8.51%
1 Month11.12%
3 Month-0.41%
6 Month0.23%
12 Month16.3%
2 Year35.97%
3 Year250.88%
5 Year99.96%
10 Year322.55%
15 Year501.09%
Volatility
ATR(14)3.7
ATR(20)%3.71%
ATR Inc34.5%
Range Today3.56
ADR(20)3.09
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.05
3 months CRS43.14
6 months CRS45.88
Mansfield-1.11
10 Day High101.38
10 Day Low90.2
20 Day High101.38
20 Day Low87.44
52 Week High123.94
52 Week Low82.14
CS1 End99.25
CR1 Start104.54
Volume & EV
DER(3)-0.05%
DER(5)1.01%
Volume312.30K
Volume Incr-31.89%
Vol(5)290.82K
Vol(50)347.85K
SKYWEST INC / SKYW TA FAQ
What is the technical rating for SKYW stock?
ChartMill assigns a technical rating of 5 / 10 to SKYW.
What is the current trend direction of SKYWEST INC (SKYW) stock?
The current trend direction for SKYWEST INC (SKYW) is Bearish.
What is the RSI signal for SKYW stock?
SKYWEST INC (SKYW) has an RSI value of 59.1754. This indicates that the stock is currently neutral.
What is the short term momentum for SKYWEST INC (SKYW) stock?
The short term momentum for SKYWEST INC (SKYW) is positive.