RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SWKS
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Skyworks Solutions stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Skyworks Solutions stock price gained 0.399% on the last trading day (Thursday, 28th Mar 2024), rising from $107.89 to $108.32. During the last trading day the stock fluctuated 1.74% from a day low at $107.54 to a day high of $109.41. The price has been going up and down for this period, and there has been a 3.03% gain for the last 2 weeks. Volume fell on the last day by -476 thousand shares and in total, 2 million shares were bought and sold for approximately $166.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $110.07 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Skyworks Solutions stock with a 90% probability to be traded between $100.77 and $110.44 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SWKS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Skyworks Solutions stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $106.07 and $105.09. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should fall by -3.52% to $104.50 within 34 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Skyworks Solutions stock

Skyworks Solutions finds support from accumulated volume at $107.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.87 (1.74%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.

Our recommended stop-loss: $104.48 (-3.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (SWKS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Skyworks Solutions to open at $108.42, and during the day (based on 14 day Average True Range), to move between $105.62 and $111.02, which gives a possible trading interval of +/-$2.70 (+/-2.49%) up or down from last closing price. If Skyworks Solutions takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $107.80 (0.48%) than the resistance at $109.11 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Skyworks Solutions stock A Buy?

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 Skyworks Solutions stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.598 Buy Candidate Upgraded

Predicted Opening Price for Skyworks Solutions of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$108.42 ( 0.0954%) $108.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SWKS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 110.29 1.82 %
R2 109.58 1.16 %
R1 109.14 0.755 %
Current price: 108.32
Support S1 107.71 -0.564 %
S2 107.27 -0.97 %
S3 106.55 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 109.79 1.36 %
R2 109.32 0.92 %
R1 109.11 0.729 %
Current price 108.32
Support S1 107.80 -0.480%
S2 104.50 -3.53%
S3 104.07 -3.92%

SWKS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 30, 2024 Feb 16, 2024 Mar 12, 2024 $0.680 0.622%
2 Nov 02, 2023 Nov 20, 2023 Dec 12, 2023 $0.680 0.637%
3 Aug 07, 2023 Aug 28, 2023 Sep 19, 2023 $0.680 0.695%
4 May 08, 2023 May 26, 2023 Jun 20, 2023 $0.620 0.578%
5 Feb 06, 2023 Feb 27, 2023 Mar 21, 2023 $0.620 0.531%

FAQ

What is the symbol for Skyworks Solutions Stock and on which exchange is it traded?
The symbol for Skyworks Solutions is SWKS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Skyworks Solutions Stock?
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 Skyworks Solutions stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Skyworks Solutions Stock?
Skyworks Solutions Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Skyworks Solutions Stock.

What's the current price of Skyworks Solutions Stock?
As of the end of day on the 2024-03-28, the price of an Skyworks Solutions (SWKS) share was $108.32.

What is the 52-week high and low for Skyworks Solutions Stock?
The 52-week high for Skyworks Solutions Stock is $118.42 and the 52-week low is $85.06.

What is the market capitalization of Skyworks Solutions Stock?
As of the 2024-03-28, the market capitalization of Skyworks Solutions is 17.356B.

When is the next earnings date for Skyworks Solutions?
The upcoming earnings date for Skyworks Solutions is May 13, 2024.
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About Skyworks Solutions

Skyworks Solutions Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detec... SWKS Profile

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