RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SKY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Skyline Corp stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Skyline Corp stock price gained 2.06% on the last trading day (Wednesday, 27th Mar 2024), rising from $81.96 to $83.65. During the last trading day the stock fluctuated 1.74% from a day low at $82.60 to a day high of $84.04. The price has been going up and down for this period, and there has been a -2.13% loss for the last 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 200 thousand shares were bought and sold for approximately $16.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.72% during the next 3 months and, with a 90% probability hold a price between $103.21 and $110.12 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SKY Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -2.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Skyline Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $83.50 and $82.13. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Skyline Corp stock

Skyline Corp finds support from accumulated volume at $79.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.44 (1.74%) between high and low. For the last week, the stock has had daily average volatility of 2.94%.

Our recommended stop-loss: $80.08 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SKY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Skyline Corp to open at $83.43, and during the day (based on 14 day Average True Range), to move between $81.00 and $86.30, which gives a possible trading interval of +/-$2.65 (+/-3.17%) up or down from last closing price. If Skyline Corp takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $84.55 (1.08%) than the support at $79.54 (4.91%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Skyline Corp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Skyline Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.204 Buy Candidate Upgraded

Predicted Opening Price for Skyline Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$83.43 ( 0.263%) $83.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SKY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 84.87 1.46 %
R2 84.32 0.80 %
R1 83.98 0.395 %
Current price: 83.65
Support S1 82.88 -0.92 %
S2 82.54 -1.33 %
S3 81.99 -1.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 85.70 2.45 %
R2 85.47 2.18 %
R1 84.55 1.08 %
Current price 83.65
Support S1 79.54 -4.91%
S2 77.33 -7.56%
S3 68.98 -17.54%

SKY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2018 Jun 01, 2018 May 31, 2018 $0.624 1.97%
2 May 16, 2018 May 24, 2018 May 31, 2018 $0.624 1.97%
3 Jul 25, 2011 Sep 14, 2011 Oct 03, 2011 $0.0900 1.04%
4 Jun 01, 2011 Jun 10, 2011 Jul 01, 2011 $0.0900 0.512%
5 Mar 01, 2011 Mar 11, 2011 Apr 01, 2011 $0.180 0.89%

FAQ

What is the symbol for Skyline Corp Stock and on which exchange is it traded?
The symbol for Skyline Corp is SKY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Skyline Corp Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Skyline Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Skyline Corp Stock?
Skyline Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Skyline Corp Stock.

What's the current price of Skyline Corp Stock?
As of the end of day on the 2024-03-27, the price of an Skyline Corp (SKY) share was $83.65.

What is the 52-week high and low for Skyline Corp Stock?
The 52-week high for Skyline Corp Stock is $86.71 and the 52-week low is $52.12.

What is the market capitalization of Skyline Corp Stock?
As of the 2024-03-27, the market capitalization of Skyline Corp is 4.733B.

When is the next earnings date for Skyline Corp?
The upcoming earnings date for Skyline Corp is Jun 04, 2024.
Click to get the best stock tips daily for free!

About Skyline Corp

Skyline Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, S... SKY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT