Sky Harbour Group Corporation Stock Forecast

Big movements in Sky Harbour Group Corporation stock price on Wednesday moving 10.78% between high and low
(Updated on May 01, 2024)

SKYH Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sky Harbour Group Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sky Harbour Group Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.14. On a fall, the stock will find some support from the short-term average at $9.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Sky Harbour Group Corporation stock

Sky Harbour Group Corporation finds support from accumulated volume at $9.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.96 between high and low, or 10.78%. For the last week, the stock has had daily average volatility of 6.28%.

Our recommended stop-loss: $9.27 (-4.30%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SKYH) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Sky Harbour Group Corporation to open at $9.50, and during the day (based on 14 day Average True Range), to move between $9.05 and $10.33, which gives a possible trading interval of +/-$0.636 (+/-6.57%) up or down from last closing price. If Sky Harbour Group Corporation takes out the full calculated possible swing range there will be an estimated 13.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.72 (0.31%) than the support at $9.62 (0.72%), 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 Sky Harbour Group Corporation stock A Buy?

Sky Harbour Group Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.881 Hold/Accumulate Upgraded

Predicted Opening Price for Sky Harbour Group Corporation of Thursday, May 2, 2024

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