VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

SKY Forecast and Technical Stock Analysis

Buy candidate since 2019-07-10 Gain 1.57%

Skyline Corp gained 2.02% in the last trading day ( Friday, 12th Jul 2019 ), rising from $27.19 to $27.74 During day the stock fluctuated 2.48% from a day low at $27.21 to a day high of $27.88. The price has fallen in 5 of the last 10 days , but is still up by 2.89% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 247 913 more shares were traded than the day before. In total, 482 036 shares bought and sold for approximately $13.37 million.

Quick summary:

  • 30 day high of the SKY stock price was $28.11 and low was $23.96.
  • 90 day high was $28.11 and low was $19.41.
  • 52 week high for the Skyline Corp - $32.99 and low - $12.72.
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Trend

Skyline Corp lies in the middle of a wide and 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 41.38% during the next 3 months and, with 90% probability hold a price between $37.30 and $43.00 at the end of this period.

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Signals

Only positive signals in the chart today. Skyline Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $27.08 and $26.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 53 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Skyline Corp finds support from accumulated volume at $27.38.

Support: $27.38 Price: $27.74 Resistance: $27.92

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.67 (2.48%) between high and low. For the last week, the stock has had a daily average volatility of 2.06%.

Our recommended stoploss: $26.40 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

2.06 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Skyline Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today SKY ranks #67 as BUY CANDIDATE #67 Stronger Buy

Will SKY stock price go up or down on Tue, 16 Jul 2019?

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