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Sarah Patel's Avatar
published in Blogs
Apr 20, 2023

SkyWest (SKYW, $24.19) Signals a Promising Upward Trajectory with New Weekly Bullish Trend

SkyWest (SKYW, $24.19) has been on an impressive winning streak for consecutive weeks, with A.I.dvisor predicting a growth of 2% to $24.67 or more within the next week. This has made SKYW an attractive option for investors looking to gain exposure to the aviation industry.

The integration of AI in the stock market has opened up new opportunities for traders and investors to make well-informed decisions. Specifically, in the case of SkyWest (SKYW), Tickeron's Swing Trader, Long Only: Valuation & Seasonality Model (TA&FA) bot has been a top performer in their robot factory. Traders can access this bot through the Tickeron website and gain valuable insights into potential trading opportunities. By utilizing AI and technical analysis, the bot provides recommendations for buying and selling AI stock. 

Furthermore, the odds of an Uptrend continuation are 80%, meaning that SKYW's positive momentum is expected to persist. This prediction is based on the technical analysis of SKYW's performance and is backed by A.I. algorithms that analyze historical data to make accurate forecasts.

However, it is important to note that SKYW's Stochastic Oscillator has remained in the overbought zone for 15 days. This suggests that a price pull-back may occur sooner rather than later. As a marketing and financial expert, we advise investors to remain vigilant and stay up-to-date with SKYW's price movements to avoid any unexpected surprises.

Despite the potential for a price pull-back, SKYW remains an attractive option for investors looking to gain exposure to the aviation industry. The company has a strong track record and has weathered many challenges in the past. Its current positive momentum suggests that SKYW is a sound investment option for those looking to capitalize on the bullish trend in the aviation industry.

SKYW's impressive performance, combined with A.I.dvisor's positive growth prediction, make it a strong contender for investors looking for growth opportunities. However, investors should remain mindful of the potential for a price pull-back and adjust their investment strategies accordingly.


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Related Ticker: SKYW

SKYW's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SKYW turned positive on May 25, 2023. Looking at past instances where SKYW's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 18, 2023. You may want to consider a long position or call options on SKYW as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYW advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 212 cases where SKYW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKYW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SKYW broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SKYW’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.678) is normal, around the industry mean (76.770). SKYW has a moderately high P/E Ratio (53.191) as compared to the industry average of (22.450). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.455). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.578) is also within normal values, averaging (1.075).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SKYW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.

Notable companies

The most notable companies in this group are Delta Air Lines (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), United Airlines Holdings (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), JetBlue Airways Corp (NASDAQ:JBLU).

Industry description

Airlines industry comprises passenger air transportation, including scheduled and non-scheduled routes. This can include charter airlines, as well as regular commuter ones. Discount pricing and the rise of low-cost carriers over recent decades have expanded the industry by making its services accessible to a much larger global population, compared to the older days when airline travel was a relative luxury for many people in the world. Delta Air Lines Inc., Southwest Airlines Co and United Continental Holdings, Inc. are some of the airlines with the largest stock market capitalizations in the U.S.

Market Cap

The average market capitalization across the Airlines Industry is 6.33B. The market cap for tickers in the group ranges from 246.81K to 24.57B. DAL holds the highest valuation in this group at 24.57B. The lowest valued company is GLUX at 246.81K.

High and low price notable news

The average weekly price growth across all stocks in the Airlines Industry was 2%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 13%. ELALF experienced the highest price growth at 41%, while FNNNF experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Airlines Industry was -50%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 57
Price Growth Rating: 50
SMR Rating: 70
Profit Risk Rating: 92
Seasonality Score: -34 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operator of airlines

Industry Airlines

Profile
Fundamentals
Details
Industry
Airlines
Address
444 South River Road
Phone
+1 435 634-3000
Employees
13582
Web
https://www.skywest.com
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SKYW and

Correlation & Price change

A.I.dvisor indicates that over the last year, SKYW has been closely correlated with ALGT. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKYW jumps, then ALGT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKYW
1D Price
Change %
SKYW100%
-0.23%
ALGT - SKYW
66%
Closely correlated
+0.01%
ALK - SKYW
65%
Loosely correlated
N/A
HA - SKYW
64%
Loosely correlated
+1.55%
DAL - SKYW
64%
Loosely correlated
+0.45%
AAL - SKYW
63%
Loosely correlated
+1.76%
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