SKYX PLATFORMS CORP (SKYX) Stock Technical Analysis
NASDAQ:SKYX - US78471E1055 - Common Stock
1.17 USD
+0.01 (+0.86%)
1.14 USD
-0.03 (-2.56%)
Overall SKYX gets a technical rating of 7 out of 10. 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.
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.
Looking at the yearly performance, SKYX did better than 75% of all other stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SKYX is an average performer in the Electrical Equipment industry, it outperforms 54% of 92 stocks in the same industry.
In the last month SKYX has a been trading in the 1.01 - 1.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SKYX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.20. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.99
1.30
We found 1 important support area.
- A support zone ranging from 1.00 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.29 to 1.29. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SKYX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYX is neutral. |
| ChartMill Relative Strength | 75.73 | POSITIVE | SKYX has a high relative strength, it outperformed 75.73% 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) | DOWN | NEGATIVE | The current price of SKYX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.71 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 49.92 | NEUTRAL | The Stochastics value for SKYX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for SKYX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for SKYX suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.22 | 1.09 | 0.13 (10.49%) | 9.53% |
| An entry @1.22. This is a Buy Stop order right above the resistance zone. | An exit @1.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 10.49%. | For a 1.00% total portfolio risk, you can invest 9.53% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.17
+0.01 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.86%
1 Week-1.68%
2 Weeks0%
1 Month15.84%
3 Month-6.4%
6 Month-8.59%
12 Month38.69%
2 Year-17.61%
3 Year-68.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.63%
ATR Inc-23.5%
Range Today0.06
ADR(20)0.08
ADR(20)%6.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.73
Mansfield-1.17
10 Day High1.24
10 Day Low1.1
20 Day High1.28
20 Day Low1.01
52 Week High2.13
52 Week Low0.8
CS1 End1.02
CR1 Start1.2
Volume & EV
DER(3)-14.95%
DER(5)-11.42%
Volume162.00K
Volume Incr-38.26%
Vol(5)273.12K
Vol(50)607.47K