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SKYWEST INC (SKYW) Stock Technical Analysis

NASDAQ:SKYW - Nasdaq - US8308791024 - Common Stock

109.29  +0.32 (+0.29%)

After market: 109.29 0 (0%)

Technical Rating and Analysis

10

Overall SKYW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SKYW has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SKYW did better than 94% of all other stocks. On top of that, SKYW also shows a nice and consistent pattern of rising prices.
SKYW is part of the Passenger Airlines industry. There are 23 other stocks in this industry. SKYW outperforms 90% of them.
SKYW 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 SKYW is lagging the market slightly.
In the last month SKYW has a been trading in the 98.37 - 113.04 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
SKYW Weekly chart
SKYW Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, SKYW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 114.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 105.47, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

66.02

116.26

6 important support areas can be observed.

  • A support zone ranging from 103.80 to 105.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @101.26 from a horizontal line in the weekly time frame.
  • A support zone ranging from 99.40 to 99.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @92.05 from a trend line in the weekly time frame.
  • Support @70.17 from a trend line in the daily time frame.
  • Support @66.69 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 114.16 to 115.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.59
Mansfield2.28
10 Day High113.04
10 Day Low99.65
20 Day High113.04
20 Day Low98.37
52 Week High117.51
52 Week Low49.8
Performance
1 Week-1.61%
2 Weeks8.12%
1 Month5.77%
3 Month14.09%
6 Month32.7%
12 Month119.72%
2 Year426.45%
3 Year186.47%
5 Year98.1%
10 Year770.84%
15 Year647.03%
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)
Technical Indicators
MACD(12,26,9)0.64
RSI(14)56.22
LBB98.48
UBB114.11
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
115.12103.7911.33 (9.84%)10.16%
An entry @115.12. This is a Buy Stop order right above the resistance zone.An exit @103.79. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 11.33 points, which is 9.84%.When investing 10.16% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
SKYW Daily chart

SKYWEST INC

NASDAQ:SKYW (1/17/2025, 8:27:28 PM)

After market: 109.29 0 (0%)

109.29

+0.32 (+0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.29%
1 Week-1.61%
2 Weeks8.12%
1 Month5.77%
3 Month14.09%
6 Month32.7%
12 Month119.72%
2 Year426.45%
3 Year186.47%
5 Year98.1%
10 Year770.84%
15 Year647.03%
Volatility
ATR(14)3.52
ATR(20)%3.16%
ATR Inc-51.08%
Range Today1.73
ADR(20)3.2
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.59
Mansfield2.28
10 Day High113.04
10 Day Low99.65
20 Day High113.04
20 Day Low98.37
52 Week High117.51
52 Week Low49.8
CS1 End105.47
CR1 Start114.16
Volume & EV
DER(3)0.74%
DER(5)0.19%
Volume260.40K
Volume Incr-16.8%
Vol(5)304.94K
Vol(50)346.52K