FIRST TRUST CLOUD COMPUTING (SKYY) Stock Technical Analysis
NASDAQ:SKYY - Nasdaq - US33734X1928 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to SKYY. SKYY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SKYY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, SKYY did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SKYY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKYY is lagging the market slightly.
Although the technical rating is only medium, SKYY does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
87.88
132.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 113.58 to 114.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.54 from a trend line in the weekly time frame.
- Support @88.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 114.97 to 116.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 130.46 to 131.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SKYY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYY is up. |
| ChartMill Relative Strength | 77.9 | POSITIVE | SKYY has a high relative strength, it outperformed 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.2 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests SKYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78 | NEUTRAL | The Stochastics value for SKYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for SKYY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for SKYY 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)
NASDAQ:SKYY (5/22/2025, 4:30:02 PM)
114.4
+0.82 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.72%
1 Week-1.49%
2 Weeks4.73%
1 Month12.13%
3 Month-6.06%
6 Month-6.95%
12 Month20.4%
2 Year58.16%
3 Year62.45%
5 Year61.81%
10 Year273.86%
15 YearN/A
Volatility
ATR(14)2.24
ATR(20)%1.97%
ATR Inc-0.01%
Range Today1.6
ADR(20)1.86
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.9
Mansfield0.41
10 Day High117.38
10 Day Low108.45
20 Day High117.38
20 Day Low101.28
52 Week High131.54
52 Week Low83.45
CS1 End114.39
CR1 Start114.97
Volume & EV
DER(3)-4.69%
DER(5)-2.74%
Volume184.23K
Volume Incr-33.95%
Vol(5)159.19K
Vol(50)234.78K