FIRST TRUST CLOUD COMPUTING (SKYY) Stock Technical Analysis
USA - NASDAQ:SKYY - US33734X1928 - ETF
135.06 USD
-0.74 (-0.54%)
135.06 USD
0 (0%)
Overall SKYY gets a technical rating of 9 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
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.
When comparing the yearly performance of all stocks, we notice that SKYY is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, SKYY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
87.88
139.93
We found 3 important support areas.
- A support zone ranging from 127.74 to 128.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.23 to 120.31. 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.
We found 1 important resistance area.
- A resistance zone ranging from 135.37 to 138.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 80.64 | POSITIVE | SKYY has a high relative strength, it outperformed 80.64% 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) | 58.45 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests SKYY has a negative trend. |
| Stochastics (14,3) | 38.69 | NEUTRAL | The Stochastics value for SKYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for SKYY suggests low volalility. |
| Average Directional Index/ADX (14) | 24.92 | 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)
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 |
|---|---|---|---|
| 135.38 | 132.77 | 2.61 (1.93%) | 25.00% |
| An entry @135.38. This is a Buy Stop order right above the 10 day moving average. | An exit @132.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.61 points, which is 1.93%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKYY. Please evaluate whether better entry and exit points can be found.
- 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.
135.06
-0.74 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.54%
1 Week0.42%
2 Weeks-1.68%
1 Month4.53%
3 Month9.68%
6 Month48.88%
12 Month30.88%
2 Year84.81%
3 Year110.67%
5 Year77.41%
10 Year344.28%
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%1.56%
ATR Inc-15.25%
Range Today2.14
ADR(20)1.82
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.64
Mansfield0.26
10 Day High138.82
10 Day Low132.78
20 Day High138.82
20 Day Low129.84
52 Week High138.82
52 Week Low85.38
CS1 End128.46
CR1 Start135.37
Volume & EV
DER(3)0.24%
DER(5)1.7%
Volume182.00K
Volume Incr12.49%
Vol(5)253.80K
Vol(50)272.16K