We assign a technical rating of 6 out of 10 to SKYW. 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 66% are performing better than SKYW.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month SKYW has a been trading in the 95.15 - 106.76 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, SKYW turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- 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 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 103.84, a Stop Loss order could be placed below this zone.
More info and screens
90.15
We found 4 important support areas.
- A support zone ranging from 100.48 to 103.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @98.08 from a trend line in the daily time frame.
- A support zone ranging from 95.22 to 95.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.06 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @107.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 120.92 to 121.40. This zone is formed by a combination of multiple trend lines 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 | 47.1 | 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) | 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) | 57.89 | NEUTRAL | The RSI value for SKYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests SKYW has a positive trend. |
| Stochastics (14,3) | 82.82 | OVERBOUGHT | The high Stochastics value suggests SKYW may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYW suggests some volalility. |
| Average Directional Index/ADX (14) | 10.71 | NEGATIVE | The low ADX value for SKYW suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 107.45 | 100.47 | 6.98 (6.50%) | 15.39% |
| An entry @107.45. This is a Buy Stop order right above the resistance zone. | An exit @100.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.98 points, which is 6.50%. | When investing 15.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
105.57
-0.39 (-0.37%)
SKYWEST INC / SKYW FAQ
What is the technical rating for SKYW stock?
ChartMill assigns a technical rating of 6 / 10 to SKYW.
What is the current trend direction of SKYWEST INC (SKYW) stock?
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 57.8935. This indicates that the stock is currently neutral.
What is the support and resistance level for SKYW stock?
SKYWEST INC (SKYW) has a support level at 103.84 and a resistance level at 107.44. Check the full technical report for our detailed analysis of SKYW support and resistance levels.