Taking everything into account, SKYY scores 4 out of 10 in our technical rating. In the last year, SKYY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
SKYY has an average technical rating and it also 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
We found 3 important support areas.
- A support zone ranging from 126.92 to 127.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 123.64 to 124.44. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 142.50 to 143.47. 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 | NEUTRAL | NEUTRAL | The short term trend for SKYY is neutral. |
| ChartMill Relative Strength | 51.8 | NEUTRAL | SKYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKYY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKYY is below a declining 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) | 48.21 | NEUTRAL | The RSI value for SKYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests SKYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.66 | NEUTRAL | The Stochastics value for SKYY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for SKYY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for SKYY suggests a possible start of a new trend. |
131.66
-2.76 (-2.05%)
FIRST TRUST CLOUD COMPUTING / SKYY FAQ
What is the ChartMill technical rating of FIRST TRUST CLOUD COMPUTING (SKYY) stock?
ChartMill assigns a technical rating of 4 / 10 to SKYY.
What is the current trend direction of FIRST TRUST CLOUD COMPUTING (SKYY) stock?
The current trend direction for FIRST TRUST CLOUD COMPUTING (SKYY) is Bullish.
What is the RSI signal for FIRST TRUST CLOUD COMPUTING (SKYY) stock?
FIRST TRUST CLOUD COMPUTING (SKYY) has an RSI value of 48.2097. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST TRUST CLOUD COMPUTING?
The short term momentum for FIRST TRUST CLOUD COMPUTING (SKYY) is neutral.