Skyworks Solutions Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Cash||1 681.5 mill|
Skyworks Solutions gained 1.15% in the last trading day, rising from $68.52 to $69.31 , 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 -1.92% loss 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, 0.23 million more shares were traded than the day before. In total, 2.64 million shares bought and sold for approximately $182.94 million.
Skyworks Solutions lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.42% during the next 3 months and, with 90% probability hold a price between $48.13 and $59.29 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday December 10, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Skyworks Solutions holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $69.67 and $75.77. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Skyworks Solutions finds support from accumulated volume at $68.52.
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 $1.77 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 3.19%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Skyworks Solutions holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|SWKS $69.31 $0.79(1.15%)|
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