SKYX PLATFORMS CORP (SKYX) Stock Technical Analysis
NASDAQ:SKYX - Nasdaq - US78471E1055 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SKYX. SKYX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SKYX is a bad performer in the overall market: 77% of all stocks are doing better.
SKYX is part of the Electrical Equipment industry. There are 93 other stocks in this industry, of which 63% are performing better than SKYX.
SKYX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
SKYX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
SKYX has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.95
1.30
We found 2 important support areas.
- Support @1.02 from a trend line in the daily time frame.
- Support @0.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.14 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.29 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 | DOWN | NEGATIVE | The long term trend for SKYX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKYX is down. |
| ChartMill Relative Strength | 23.46 | NEGATIVE | SKYX has a low relative strength, it was outperformed by 76.54% 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 | MIXED | The current price of SKYX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.19 | NEUTRAL | The RSI value for SKYX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SKYX has a positive trend. |
| Stochastics (14,3) | 24.2 | NEUTRAL | The Stochastics value for SKYX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for SKYX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.14 | NEUTRAL | The ADX value for SKYX suggests a possible start of a new trend. |
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)
1.04
-0.01 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.95%
1 Week2.97%
2 Weeks-7.14%
1 Month-11.86%
3 Month-2.8%
6 Month-22.96%
12 Month-3.7%
2 Year-50.94%
3 Year-82.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.72%
ATR Inc-24.53%
Range Today0.05
ADR(20)0.08
ADR(20)%7.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.46
Mansfield-1.99
10 Day High1.12
10 Day Low0.98
20 Day High1.3
20 Day Low0.97
52 Week High2.13
52 Week Low0.8
CS1 End1.02
CR1 Start1.05
Volume & EV
DER(3)-2.97%
DER(5)-1.25%
Volume237.50K
Volume Incr-70.21%
Vol(5)289.18K
Vol(50)675.20K