FIRST TRUST CLOUD COMPUTING (SKYY) Stock Technical Analysis
USA - NASDAQ:SKYY - US33734X1928 - ETF
133.25 USD
-2.08 (-1.54%)
133.01 USD
-0.24 (-0.18%)
Taking everything into account, SKYY scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKYY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SKYY did better than 82% of all other stocks.
SKYY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SKYY has a been trading in the 117.45 - 136.74 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.
Although SKYY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
87.88
134.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 123.27 to 123.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.24 to 119.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.69 from a trend line in the weekly time frame.
- Support @88.77 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SKYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKYY is up. |
| ChartMill Relative Strength | 82.6 | POSITIVE | SKYY has a high relative strength, it outperformed 82.6% 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) | 66.05 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests SKYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.4 | OVERBOUGHT | The high Stochastics value suggests SKYY may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for SKYY suggests low volalility. |
| Average Directional Index/ADX (14) | 24.67 | 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)
133.25
-2.08 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.54%
1 Week3.13%
2 Weeks3.3%
1 Month11.34%
3 Month15.21%
6 Month24.22%
12 Month35.38%
2 Year75.54%
3 Year120.58%
5 Year69.77%
10 Year375.05%
15 YearN/A
Volatility
ATR(14)2.4
ATR(20)%1.72%
ATR Inc-27.28%
Range Today2.09
ADR(20)1.92
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.6
Mansfield0.38
10 Day High136.74
10 Day Low124.19
20 Day High136.74
20 Day Low117.45
52 Week High136.74
52 Week Low85.38
CS1 End123.73
CR1 StartN/A
Volume & EV
DER(3)-1.08%
DER(5)-2.56%
Volume131.50K
Volume Incr0.63%
Vol(5)370.56K
Vol(50)242.90K