SKYX Technical Analysis - SKYX PLATFORMS CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to SKYX. In the last year, SKYX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month SKYX has a been trading in the 1.07 - 1.61 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, SKYX did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

SKYX is part of the Electrical Equipment industry. There are 92 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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SKYX PLATFORMS CORP / SKYX Weekly stock chart

SKYX PLATFORMS CORP / SKYX Daily stock chart

Setup Rating and Analysis

Although SKYX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.03

1.60

When analyzing the support we can see 2 important areas.

Support @1.06 from a trend line in the daily time frame.
Support @1.04 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 SKYX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SKYX is up.
ChartMill Relative Strength	84.4	POSITIVE	SKYX has a high relative strength, it outperformed 84.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SKYX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SKYX is above the rising 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)	70.14	OVERBOUGHT	The high RSI value suggests SKYX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests SKYX has a positive trend.
Stochastics (14,3)	76.78	NEUTRAL	The Stochastics value for SKYX is a neutral value.
Average True Range in percent/ATR (20)	6.59	HIGH VOLATILITY	The high ATR as a percentage value for SKYX suggests high volalility.
Average Directional Index/ADX (14)	21.21	NEUTRAL	The ADX value for SKYX suggests a possible start of a new trend.