SKYY in -4.47% downward trend, declining for three consecutive days on December 10, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SKYY declined for three days, in of 263 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SKYY moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where SKYY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SKYY turned negative on December 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKYY advanced for three days, in of 366 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 301 cases where SKYY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
SKYY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SKYY has been closely correlated with CIBR. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKYY jumps, then CIBR could also see price increases.
| Ticker / NAME | Correlation To SKYY | 1D Price Change % | ||
|---|---|---|---|---|
| SKYY | 100% | -0.70% | ||
| CIBR - SKYY | 86% Closely correlated | -1.12% | ||
| VGT - SKYY | 83% Closely correlated | -0.62% | ||
| IYW - SKYY | 82% Closely correlated | -0.60% | ||
| CHAT - SKYY | 80% Closely correlated | -1.65% | ||
| XLK - SKYY | 78% Closely correlated | -0.60% | ||
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