Skyworks is nearing a new high and running out of steam. Heres what the indicators say.
Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators.
Moving Average: SWKS is slowly moving closer and closer to its moving average and if history repeats itself, once it falls below the MA we should see a sharp sell off.
Volume: The volume indicator shows we are starting to loose bullish volume.
Relative Strength Indicator: Shows that SWKS is over bought, we should expect some heavy selling because of this.
Indicators are just collections of information that can help us analyze trends to make predictions about the future. SWKS price movement is not guaranteed. Even if it does receive a sell signal. Please trade at your own risk.
Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators.
Moving Average: SWKS is slowly moving closer and closer to its moving average and if history repeats itself, once it falls below the MA we should see a sharp sell off.
Volume: The volume indicator shows we are starting to loose bullish volume.
Relative Strength Indicator: Shows that SWKS is over bought, we should expect some heavy selling because of this.
Indicators are just collections of information that can help us analyze trends to make predictions about the future. SWKS price movement is not guaranteed. Even if it does receive a sell signal. Please trade at your own risk.
