FIRST TRUST CLOUD COMPUTING (SKYY) Stock Technical Analysis
NASDAQ:SKYY - Nasdaq - US33734X1928 - ETF - Currency: USD
Overall SKYY gets a technical rating of 9 out of 10. In the last year, SKYY 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SKYY is one of the better performing stocks in the market, outperforming 81% of all stocks.
SKYY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKYY is lagging the market slightly.
In the last month SKYY has a been trading in the 113.38 - 123.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SKYY has an excellent technical rating, it does not offer a high quality setup 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
132.49
We found 3 important support areas.
- A support zone ranging from 113.38 to 115.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.35 from a trend line in the weekly time frame.
- Support @88.77 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 119.36 to 121.53. 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 | 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 | 81.31 | POSITIVE | SKYY has a high relative strength, it outperformed 81.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKYY is below 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) | 50.68 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SKYY has a negative trend. |
| Stochastics (14,3) | 75.46 | NEUTRAL | The Stochastics value for SKYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for SKYY suggests low volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for SKYY 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)
119.04
-2.31 (-1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.9%
1 Week-3.33%
2 Weeks-0.74%
1 Month1.43%
3 Month23.6%
6 Month0.46%
12 Month23.74%
2 Year47.93%
3 Year69.45%
5 Year52.56%
10 Year286.62%
15 YearN/A
Volatility
ATR(14)2.07
ATR(20)%1.68%
ATR Inc36.31%
Range Today1.99
ADR(20)1.78
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.31
Mansfield-0.03
10 Day High123.92
10 Day Low118.96
20 Day High123.92
20 Day Low113.38
52 Week High131.54
52 Week Low83.45
CS1 End115.97
CR1 Start119.36
Volume & EV
DER(3)-9.81%
DER(5)-4.88%
Volume158.80K
Volume Incr-26.15%
Vol(5)151.82K
Vol(50)208.53K