Taking everything into account, SKWD scores 4 out of 10 in our technical rating. In the past year, SKWD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, SKWD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 49.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.27, a Stop Loss order could be placed below this zone.
More info and screens
44.42
2 important support areas can be observed.
- A support zone ranging from 46.81 to 48.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.87 to 45.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.72 to 49.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.16 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SKWD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKWD is up. |
| ChartMill Relative Strength | 36.79 | NEUTRAL | SKWD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKWD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKWD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKWD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | NEUTRAL | The RSI value for SKWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SKWD has a positive trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests SKWD may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SKWD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for SKWD suggests a weak or negative trend. |
48.8
-0.91 (-1.83%)
SKYWARD SPECIALTY INSURANCE / SKWD FAQ
What is the ChartMill technical rating of SKYWARD SPECIALTY INSURANCE (SKWD) stock?
ChartMill assigns a technical rating of 4 / 10 to SKWD.
What is the trend direction for SKWD stock?
The current trend direction for SKYWARD SPECIALTY INSURANCE (SKWD) is Bearish.
What is the RSI signal for SKWD stock?
SKYWARD SPECIALTY INSURANCE (SKWD) has an RSI value of 54.8244. This indicates that the stock is currently neutral.
What is the short term momentum for SKWD stock?
The short term momentum for SKYWARD SPECIALTY INSURANCE (SKWD) is positive.