SKYX PLATFORMS CORP (SKYX) Stock Technical Analysis
NASDAQ:SKYX • US78471E1055
Overall SKYX gets a technical rating of 1 out of 10. SKYX 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.
- In the last month SKYX has a been trading in the 1.90 - 2.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SKYX has an average volume of 1164200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that SKYX is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SKYX is part of the Electrical Equipment industry. There are 91 other stocks in this industry, SKYX did better than 52% of them.
- SKYX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKYX is lagging the market.
SKYX 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.
More info and screens
1.10
We found 1 important support area.
- Support @1.11 from a trend line 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 SKYX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKYX is down. |
| ChartMill Relative Strength | 71.19 | POSITIVE | SKYX has a high relative strength, it outperformed 71.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKYX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKYX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKYX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.47 | NEUTRAL | The RSI value for SKYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SKYX has a negative trend. |
| Stochastics (14,3) | 23.38 | NEUTRAL | The Stochastics value for SKYX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for SKYX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for SKYX suggests a possible start of a new trend. |
1.93
-0.15 (-7.21%)
SKYX PLATFORMS CORP / SKYX FAQ
What is the ChartMill technical rating of SKYX PLATFORMS CORP (SKYX) stock?
ChartMill assigns a technical rating of 1 / 10 to SKYX.
What is the trend direction for SKYX stock?
The current trend direction for SKYX PLATFORMS CORP (SKYX) is Bearish.
What is the RSI signal for SKYX stock?
SKYX PLATFORMS CORP (SKYX) has an RSI value of 37.4701. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SKYX PLATFORMS CORP?
The MACD indicator for SKYX PLATFORMS CORP (SKYX) has a value of -0.0191458, indicating a bearish trend.