Skyline Stock Technical Analysis

SKY Stock  USD 75.49  2.13  2.74%   
As of the 25th of April, Skyline has the Risk Adjusted Performance of 0.0461, coefficient of variation of 1629.96, and Semi Deviation of 2.62. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Skyline, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Skyline, which can be compared to its competition. Please validate Skyline market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Skyline is priced more or less accurately, providing market reflects its prevalent price of 75.49 per share. Given that Skyline has jensen alpha of 0.1255, we advise you to double-check Skyline's current market performance to make sure the company can sustain itself at a future point.

Skyline Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Skyline, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Skyline
  
Skyline's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Skyline technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Skyline technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Skyline trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Skyline Technical Analysis

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The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Skyline volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Skyline Trend Analysis

Use this graph to draw trend lines for Skyline. You can use it to identify possible trend reversals for Skyline as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Skyline price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Skyline Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Skyline applied against its price change over selected period. The best fit line has a slop of    , which may imply that Skyline will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.07, which is the sum of squared deviations for the predicted Skyline price change compared to its average price change.

About Skyline Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Skyline on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Skyline based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Skyline price pattern first instead of the macroeconomic environment surrounding Skyline. By analyzing Skyline's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Skyline's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Skyline specific price patterns or momentum indicators. Please read more on our technical analysis page.

Skyline April 25, 2024 Technical Indicators

Most technical analysis of Skyline help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Skyline from various momentum indicators to cycle indicators. When you analyze Skyline charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Skyline offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skyline's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skyline Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skyline Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyline. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Skyline Stock please use our How to Invest in Skyline guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Skyline's price analysis, check to measure Skyline's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.
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Is Skyline's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skyline. If investors know Skyline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skyline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Skyline is measured differently than its book value, which is the value of Skyline that is recorded on the company's balance sheet. Investors also form their own opinion of Skyline's value that differs from its market value or its book value, called intrinsic value, which is Skyline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skyline's market value can be influenced by many factors that don't directly affect Skyline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skyline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.