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SKE
Stock ticker: NYSE
AS OF
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Capitalization
423.87M

SKE Skeena Resources Limited Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SKE with price predictions
08:00 PM EDT Sep 25, 2023

SKE's Indicator enters downward trend

The Aroon Indicator for SKE entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 113 similar instances where the Aroon Indicator formed such a pattern. In of the 113 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 30 cases where SKE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

SKE moved below its 50-day moving average on September 26, 2023 date and that indicates a change from an upward trend to a downward trend.

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

SKE broke above its upper Bollinger Band on September 20, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on SKE as a result. In of 40 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SKE just turned positive on September 18, 2023. Looking at past instances where SKE's MACD turned positive, the stock continued to rise in of 20 cases over the following month. 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 SKE advanced for three days, in of 121 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SKE’s price grows at a higher 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 fair valued 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 (3.254) is normal, around the industry mean (6.455). P/E Ratio (0.000) is within average values for comparable stocks, (98.031). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.103). Dividend Yield (0.000) settles around the average of (0.061) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (225.859).

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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SKE’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 88, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Teck Resources Limited (NYSE:TECK), Cameco Corp (NYSE:CCJ).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.39B. The market cap for tickers in the group ranges from 230 to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is BAJFF at 230.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was -2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -6%. FLMTF experienced the highest price growth at 196%, while XRESF experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was -26%. For the same stocks of the Industry, the average monthly volume growth was 34% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

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

Valuation Rating: 54
P/E Growth Rating: 81
Price Growth Rating: 63
SMR Rating: 89
Profit Risk Rating: 87
Seasonality Score: -11 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
N/A
Address
1021 West Hastings Street
Phone
+1 604 684-8725
Employees
55
Web
https://www.skeenaresources.com
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SKE and

Correlation & Price change

A.I.dvisor indicates that over the last year, SKE has been loosely correlated with ERO. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if SKE jumps, then ERO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SKE
1D Price
Change %
SKE100%
-1.03%
ERO - SKE
53%
Loosely correlated
-3.80%
TGB - SKE
53%
Loosely correlated
-3.85%
SCCO - SKE
51%
Loosely correlated
-2.47%
HBM - SKE
51%
Loosely correlated
-0.86%
FCX - SKE
50%
Loosely correlated
-1.69%
More