Stronger Sell Today SWKS ranks #3216 as SELL CANDIDATE. Weaker Sell
Today SWKS ranks #3216 as SELL CANDIDATE.

SWKS stock Skyworks Solutions

SWKS stock
Skyworks Solutions

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 1.15%
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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Skyworks Solutions Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Sell candidate since 2018-11-02 Loss -18.72%
Shorts n/a
Cash 1 681.5 mill
Loans n/a
Beta 0.62
ROA 19.54

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.

Trend

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.

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Signals

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.

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A sell signal from a double bottom formation was found on Monday December 03, 2018 with a target of $70.15. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Skyworks Solutions finds support from accumulated volume at $68.52.

Support: $68.52 Price: $69.31 Resistance: $70.76

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 $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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Stronger Sell Today SWKS ranks #3216 as SELL CANDIDATE. Weaker Sell
Today SWKS ranks #3216 as SELL CANDIDATE.