SKYWORKS SOLUTIONS INC. - Daily - Technical analysis published on 02/13/2024 (GMT)
- 116
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
44%
28%
My opinion
Neutral between 100.36 USD and 109.85 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 100.36 USD. The first resistance is located at 109.85 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by SKYWORKS SOLUTIONS INC..
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SKYWORKS SOLUTIONS INC. rating is 102.85 USD. The price is lower by -3.08% since the last closing and was traded between 102.21 USD and 104.14 USD over the period. The price is currently at +0.63% from its lowest and -1.24% from its highest.102.21
104.14
102.85
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SKYWORKS SOLUTIONS INC. chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.38 | 94.62 | 100.36 | 102.85 | 104.02 | 109.85 | 113.44 |
| Change (%) | -12.12% | -8.00% | -2.42% | - | +1.14% | +6.81% | +10.30% |
| Change | -12.47 | -8.23 | -2.49 | - | +1.17 | +7.00 | +10.59 |
| Level | Minor | Intermediate | Major | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.40 | 103.70 | 104.91 | 106.21 | 107.42 | 108.72 | 109.93 |
| Camarilla | 105.43 | 105.66 | 105.89 | 106.12 | 106.35 | 106.58 | 106.81 |
| Woodie | 102.36 | 103.68 | 104.87 | 106.19 | 107.38 | 108.70 | 109.89 |
| Fibonacci | 103.70 | 104.66 | 105.25 | 106.21 | 107.17 | 107.76 | 108.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.28 | 97.44 | 101.25 | 103.41 | 107.22 | 109.38 | 113.19 |
| Camarilla | 103.41 | 103.96 | 104.50 | 105.05 | 105.60 | 106.15 | 106.69 |
| Woodie | 96.10 | 97.85 | 102.07 | 103.82 | 108.04 | 109.79 | 114.01 |
| Fibonacci | 97.44 | 99.72 | 101.13 | 103.41 | 105.69 | 107.10 | 109.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.17 | 92.46 | 98.46 | 104.75 | 110.75 | 117.04 | 123.04 |
| Camarilla | 101.08 | 102.21 | 103.33 | 104.46 | 105.59 | 106.71 | 107.84 |
| Woodie | 86.03 | 92.39 | 98.32 | 104.68 | 110.61 | 116.97 | 122.90 |
| Fibonacci | 92.46 | 97.16 | 100.06 | 104.75 | 109.45 | 112.35 | 117.04 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.96 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | -4.14 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 104.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.58 | |
| Elder Ray (13): | -1.05 | |
| Super Trend (3,10): | 109.55 | |
| Zig ZAG (10): | 102.90 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 48.26 | |
| TEMA (21): | 103.19 | |
| Williams %R (14): | -66.14 | |
| Chande Momentum Oscillator (20): | -1.76 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.33 |
| MA7: | 103.75 | |
| MA20: | 104.65 | |
| MA50: | 106.01 | |
| MA100: | 99.51 | |
| MAexp7: | 104.10 | |
| MAexp20: | 104.47 | |
| MAexp50: | 103.84 | |
| MAexp100: | 102.67 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | -1.72% | |
| Price / MA50: | -2.98% | |
| Price / MA100: | +3.36% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.55% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | +0.18% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on SKYWORKS SOLUTIONS INC. at the time of the generation of this analysis was as follows:
- Skyworks Reports Q3 FY23 Results
- Skyworks Sets Date for Third Quarter Fiscal 2023 Earnings Release and Conference Call
- BetterInvesting™ Magazine Update on Booking Holdings Inc. and Skyworks Solutions Inc.
- Skyworks Reports Q2 FY23 Results
- Skyworks Sets Date for Second Quarter Fiscal 2023 Earnings Release and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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