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SWKS - Skyworks Solutions

Industry: Semiconductor - Integrated Circuits Sector: Technology Exchange: NASDAQ

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.72%
PRICE $102.70
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Skyworks Solutions Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-12 Gain 1.80%

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
Loans n/a
Beta 0.62
ROA 18.27

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

The stock had a Golden Star Signal* on Wednesday June 13, 2018 in the mediumterm chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $96.20 Price: $102.70 Resistance: $104.93

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 $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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.

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