CHAMPION HOMES INC (SKY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKY - US8308301055 - Common Stock
We assign a technical rating of 8 out of 10 to SKY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SKY is only an average performer.
Besides having an excellent technical rating, SKY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 87.94. Right above this resistance zone may be a good entry point.
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66.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 76.88 to 77.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 66.69 to 67.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 87.94 to 88.60. 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 SKY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKY is up. |
| ChartMill Relative Strength | 52.22 | NEUTRAL | SKY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.28 | NEUTRAL | The RSI value for SKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SKY has a negative trend. |
| Stochastics (14,3) | 70.53 | NEUTRAL | The Stochastics value for SKY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SKY suggests some volalility. |
| Average Directional Index/ADX (14) | 29.85 | POSITIVE | The high ADX value value for SKY suggests a strong trend. |
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 |
|---|---|---|---|
| 88.61 | 81.90 | 6.71 (7.57%) | 13.21% |
| An entry @88.61. This is a Buy Stop order right above the resistance zone. | An exit @81.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.71 points, which is 7.57%. | For a 1.00% total portfolio risk, you can invest 13.21% of your capital in this trade. |
- 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.
86.12
-1.18 (-1.35%)
CHAMPION HOMES INC / SKY FAQ
Can you provide the ChartMill technical rating for CHAMPION HOMES INC?
ChartMill assigns a technical rating of 8 / 10 to SKY.
Can you provide the trend direction for CHAMPION HOMES INC?
The current trend direction for CHAMPION HOMES INC (SKY) is Bullish.
What is the RSI signal for SKY stock?
CHAMPION HOMES INC (SKY) has an RSI value of 58.2772. This indicates that the stock is currently neutral.
What is the MACD signal for SKY stock?
The MACD indicator for CHAMPION HOMES INC (SKY) has a value of -0.0883328, indicating a bearish trend.
What is the buy/sell signal for SKY stock?
The buy/sell signal for CHAMPION HOMES INC (SKY) is buy as both the short term and long term trends are positive.