Fri 15'th Jun 2018
Skyworks Solutions Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
Skyworks Solutions gained 0.72% in the last trading day, rising from $101.97 to $102.70 , and 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. The price has been going up and down for this period, and there has been a 1.71% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.93 million more shares were traded than the day before. In total, 2.16 million shares bought and sold for approximately $0.00.
|Shorts||3.23% ( 2018-05-31 )|
|Cash||4 742.3 mill|
Skyworks Solutions is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $103.33 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Skyworks Solutions with 90% probability to be traded between $84.38 and $101.58 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Skyworks Solutions 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 $101.14 and $97.88. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 11, 2018, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $96.20 and $91.18.
There is 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, Skyworks Solutions finds support just below today's level at $96.20. If this is broken, then the next support from accumulated volume will be at $91.18 and $90.90.
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 $2.39 (2.39%) between high and low. For the last week, the stock has had a daily average volatility of 1.69%.
Our recommended stoploss: $97.56 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
Trade SWKS CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder