We assign a technical rating of 5 out of 10 to SKYY. SKYY 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.
Although the technical rating is only medium, SKYY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 132.20, a Stop Loss order could be placed below this zone.
More info and screens
87.88
We found 3 important support areas.
- A support zone ranging from 128.88 to 132.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 123.64 to 124.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 142.50 to 143.47. 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 | UP | POSITIVE | The long term trend for SKYY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKYY is neutral. |
| ChartMill Relative Strength | 53.33 | NEUTRAL | SKYY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SKYY is below a declining 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) | 51.7 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SKYY has a positive trend. |
| Stochastics (14,3) | 50.58 | NEUTRAL | The Stochastics value for SKYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for SKYY suggests low volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for SKYY suggests a weak or negative trend. |
132.41
+0.29 (+0.22%)
FIRST TRUST CLOUD COMPUTING / SKYY FAQ
What is the ChartMill technical rating of FIRST TRUST CLOUD COMPUTING (SKYY) stock?
ChartMill assigns a technical rating of 5 / 10 to SKYY.
What is the current trend direction of FIRST TRUST CLOUD COMPUTING (SKYY) stock?
The current trend direction for FIRST TRUST CLOUD COMPUTING (SKYY) is Bullish.
What is the RSI signal for FIRST TRUST CLOUD COMPUTING (SKYY) stock?
FIRST TRUST CLOUD COMPUTING (SKYY) has an RSI value of 51.7037. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST TRUST CLOUD COMPUTING?
The short term momentum for FIRST TRUST CLOUD COMPUTING (SKYY) is neutral.