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
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Skyline Corp stock price up 0.553% on Tuesday
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 15, 2024 Gain 4.35% PDF

The Skyline Corp stock price gained 0.553% on the last trading day (Tuesday, 23rd Jul 2024), rising from $77.79 to $78.22. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.56% from a day low at $76.17 to a day high of $78.88. The price has risen in 8 of the last 10 days and is up by 15.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 249 thousand shares were bought and sold for approximately $19.51 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $79.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.12% during the next 3 months and, with a 90% probability hold a price between $58.69 and $72.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SKY Signals & Forecast

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 $76.94 and $70.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Skyline Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $72.55 and $71.96. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Skyline Corp finds support just below today's level at $72.55. If this is broken, then the next support from accumulated volume will be at $71.96 and $71.38.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.71 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 4.20%.

The Skyline Corp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $75.41 (-3.59%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (SKY) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Skyline Corp to open at $77.76, and during the day (based on 14 day Average True Range), to move between $75.53 and $80.91, which gives a possible trading interval of +/-$2.69 (+/-3.44%) up or down from last closing price. If Skyline Corp takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $79.52 (1.66%) than the support at $72.55 (7.25%), 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?

Skyline Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.052 Hold/Accumulate Unchanged

Predicted Opening Price for Skyline Corp of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$77.76 ( 0.592%) $78.22

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
R3 80.47 2.87%
R2 79.43 1.55%
R1 78.79 0.731%
Price 78.22
S1 76.72 -1.92%
S2 76.08 -2.73%
S3 75.05 -4.06%

Accumulated Volume Support & Resistance Levels

Level Price
R3 82.34 5.27%
R2 79.58 1.74%
R1 79.52 1.66%
Price 78.22
S1 72.55 -7.25%
S2 71.96 -8.00%
S3 71.38 -8.74%

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?
Skyline Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 Jul 23, 2024, the price of an Skyline Corp (SKY) share was $78.22.

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 Jul 23, 2024, the market capitalization of Skyline Corp is 4.497B.

When is the next earnings date for Skyline Corp?
The upcoming earnings date for Skyline Corp is Aug 06, 2024.
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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

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