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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
First Trust Cloud Computing ETF (NASDAQ:SKYY)
Bull Market Weakness (+75) - SKYY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SKYY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SKYY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SKYY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SKYY
The long-term trend has been UP since Nov 29th, 2023 at 81.967
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 93.282
The short-term trend has been UP since May 6th, 2024 at 92.996
Smart Scan Analysis for SKYY
Based on our trend formula, SKYY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 92.524 | 93.322 | 92.524 | 93.106 | +0.581 |
| Prev. Close | Volume | Bid | Ask | Time |
| 92.490 | 0 | 2024-05-09 12:31:02 |
| Year High | 57.071 | Year High Date | 2018-10-01 |
| Year Low | 44.1 | Year Low Date | 2018-02-09 |
| 52wk High | 97.78 | 52wk High Date | 2024-03-08 |
| 52wk Low | 63.8 | 52wk Low Date | 2023-05-12 |
| Year End Close | 19.8699 | Average Volume | 128,925 |
| Shares Outstanding | 44,950 | Market Cap | 2,229M |
| Assets | 896M | Volatility | 29.63 |