SKYW Technical Analysis - SKYWEST INC

Technical Rating and Analysis

Overall SKYW gets a technical rating of 1 out of 10. SKYW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

SKYW is part of the Passenger Airlines industry. There are 21 other stocks in this industry, of which 60% are performing better than SKYW.

In the last month SKYW has a been trading in the 100.56 - 123.67 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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 67% 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.

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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 poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

85.38

122.13

2 important support areas can be observed.

A support zone ranging from 101.61 to 101.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @86.24 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 103.94 to 104.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @120.92 from a horizontal line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for SKYW is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SKYW is down.
ChartMill Relative Strength	67.2	NEUTRAL	SKYW is not amongst the best or worst performers 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)	29.99	OVERSOLD	The low RSI value suggests SKYW may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.85	NEGATIVE	The MACD value suggests SKYW has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.04	OVERSOLD	The low Stochastics value suggests SKYW may be oversold.
Average True Range in percent/ATR (20)	3.15	MEDIUM VOLATILITY	The ATR as a percentage value for SKYW suggests some volalility.
Average Directional Index/ADX (14)	25.34	POSITIVE	The high ADX value value for SKYW suggests a strong trend.