SKYX PLATFORMS CORP (SKYX) Stock Technical Analysis
NASDAQ:SKYX • US78471E1055
We assign a technical rating of 3 out of 10 to SKYX. SKYX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month SKYX has a been trading in the 1.98 - 2.63 range, which is quite wide. It is currently trading near the lows of this range.
- SKYX has an average volume of 1146830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that SKYX is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- SKYX is an average performer in the Electrical Equipment industry, it outperforms 60% of 91 stocks in the same industry.
- 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.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SKYX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.07, a Stop Loss order could be placed below this zone.
More info and screens
1.10
We found 2 important support areas.
- A support zone ranging from 1.98 to 2.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.24 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SKYX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKYX is down. |
| ChartMill Relative Strength | 79.44 | POSITIVE | SKYX has a high relative strength, it outperformed 79.44% 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) | 43.43 | NEUTRAL | The RSI value for SKYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SKYX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.38 | NEUTRAL | The Stochastics value for SKYX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.78 | HIGH VOLATILITY | The high ATR as a percentage value for SKYX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for SKYX suggests a possible start of a new trend. |
2.08
+0.01 (+0.48%)
SKYX PLATFORMS CORP / SKYX FAQ
What is the ChartMill technical rating of SKYX PLATFORMS CORP (SKYX) stock?
ChartMill assigns a technical rating of 3 / 10 to SKYX.
What is the trend direction for SKYX stock?
The current trend direction for SKYX PLATFORMS CORP (SKYX) is Bullish.
What is the RSI signal for SKYX stock?
SKYX PLATFORMS CORP (SKYX) has an RSI value of 43.4298. 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 -0.0147005, indicating a bearish trend.
What is the buy/sell signal for SKYX stock?
The buy/sell signal for SKYX PLATFORMS CORP (SKYX) is hold as the short term and long term trends are mixed.