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Stock Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

First Trust Cloud Computing ETF (NASDAQ:SKYY)

Countertrend Down (-85) - SKYY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

NASDAQ_SKYY
Open High Low SKYY Price Change
91.419 93.650 91.418 93.004 +1.593
Entry Signal

MarketClub’s Trade Triangles for SKYY

long term down The long-term trend has been DOWN since May 31st, 2024 at 88.438

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 91.781

short term up The short-term trend has been UP since Jun 12th, 2024 at 91.497

Smart Scan Analysis for SKYY

Based on our trend formula, SKYY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SKYY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
91.419 93.650 91.418 93.004 +1.593
Prev. Close Volume Bid Ask Time
91.390 0 2024-06-12 14:42:24
Year High57.071Year High Date2018-10-01
Year Low44.1Year Low Date2018-02-09
52wk High97.7852wk High Date2024-03-08
52wk Low70.4252wk Low Date2023-10-26
Year End Close19.8699Average Volume119,364
Shares Outstanding44,950Market Cap2,229M
Assets896MVolatility29.63
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