Technical analysis from Sky City Entertainment (SKC.AX.AX, ASX:SKC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Sky City Entertainment
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Sky City Entertainment : Average Directional Index (11.67) has confirmed a weak trend is present
Average Directional Movement /
Sky City Entertainment : Average Directional Index (11.67) has confirmed a weak trend is present

[Weak Trend]: ADX for SKC has confirmed a weak trend is presentSky City Entertainment has an ATR(14) of 0.083, a DX of 0.38 & an ADX(14) of 11.67

Triangular Moving Average /
Price is now trading below the Triangular Moving Average(5) for SKC

[BEARISH]: Sky City Entertainment currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -2.1%.

Exponential Moving Average /
[Downtrend]: Recent trading for SKC confirms bearish EMA(5) signal

[BEARISH]: Sky City Entertainment currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -2.1%.

Percentage Price /
PPO: The shorter moving average for SKCis still above the longer term moving average

SKC: PPO Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BULLISH CROSSOVER

Ease of Movement /
Sky City Entertainment was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: Sky City Entertainment current price have moved downwards on high volume. Currently, the Ease of Movement is -0.333

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Momentum /
Sky City Entertainment : Momentum(5)

[BEARISH]: Sky City Entertainment currently has negative momentum of -0.09 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.1%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -3.2%%.

Sky City Entertainment  has moved below the S1 Woodie pivot point ($3.636) [Bearish]
Woodie Pivot Point /
Sky City Entertainment has moved below the S1 Woodie pivot point ($3.636) [Bearish]

Sky City Entertainment current pivot point (Woodie) is: $3.688. The current resistance levels are: (R1) $3.706: (R2) $3.758The current support levels are: (S1) $3.636: (S2) $3.618

Sky City Entertainment : Elder Ray Index is 0.026 [Bullish]
Elder Ray Index /
Sky City Entertainment : Elder Ray Index is 0.026 [Bullish]

[BULLISH]: Sky City Entertainment Elder Ray Index is signalling a Bullish movementERI is 0.026 indicating bull power. Prices are being driven above the consensus of value for SKC during the last trading session [Buying Pressure]

Demarks Pivot Points /
DeMark pivot point for SKC is bearish. Stoploss should be positioned @$3.705

Sky City Entertainment has broken the first DeMark support point ($3.6875) [Bearish]. Look for a short limit order entry near this point. Exit price for SKC should be set @$3.635 & short position stoploss for Sky City Entertainment should be set at $3.705

Chaikin Money Flow /
CMF has a positive momentum of the acc/dist line

[BULLISH]: Sky City Entertainment current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.06. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.38

Accumulation / Distribution /
Sky City Entertainment : Current trading activity signals accumulation is present

[BULLISH]: Sky City Entertainment current accumulation has given strength to the share price and the continuation of bullish trading conditions.

The biggest upward movement for Sky City Entertainment  this month has been -3
Close Tod Vs Close Yest /
The biggest upward movement for Sky City Entertainment this month has been -3

[BEARISH]: Sky City Entertainment sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for SKC adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3 & the greatest daily negative change this year has been -3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -7.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -1.7%

Sky City Entertainment  is no longer overbought and normal trading conditions are resumed
Williams %R /
Sky City Entertainment is no longer overbought and normal trading conditions are resumed

SKC: William %R Current Signal -> (1) 20 Feb: BULLISH CROSSUNDER (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH CROSSOVER

Detrended Price Oscillator /
Sky City Entertainment : Detrended Price Oscillator(20) (0.0255)

[BULLISH]: Sky City Entertainment currently has a confirmed uptrend. Price is currently above the displaced moving average for SKCCurrently, the return on DPO20 is -2.1%.

Sine Weighted Moving Average /
Price is now trading below the Sine Weighted Moving Average(5) for SKC

[BEARISH]: Sky City Entertainment currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.1%.

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for SKC

[BEARISH]: Sky City Entertainment UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.052.

Short positions for Sky City Entertainment  should be set between $0.81 & $0.69
Fibonacci Extensions /
Short positions for Sky City Entertainment should be set between $0.81 & $0.69

Sky City Entertainment : The current Fibonacci Extension levels are: (23.61%) $3.72: (38.2%) $3.67: (50%) $3.63: (61.8%) $3.58The current support levels are: (78.6%) $3.52: (100%) $3.45: (138.2%) $3.32: (161.8%) $3.23: (261.8%) $2.88: (423.61%) $2.32

Sky City Entertainment : Daily price tange is $0.07 [Increasing Range]
Price Range /
Sky City Entertainment : Daily price tange is $0.07 [Increasing Range]

SKC: Price Range Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

[Bearish]: Lower low has formed for SKC by -1.3 % during the last trading session
Low Price /
[Bearish]: Lower low has formed for SKC by -1.3 % during the last trading session

[BULLISH]: Sky City Entertainment current downtrend in the first timeframe. Currently, the Low is $3.67 (-1.3 %).

Black Candle /
SKC Basic Candle: Black

SKC: Basic Candlestick Recent Trading -> (1) 20 Feb: Black Candle (2) 19 Feb: Black Candle (3) 16 Feb: White Opening Marubozu

Open Tod Vs Close Tod /
Sky City Entertainment : Buyers have lost control.

[BEARISH]: Sky City Entertainment opened in the lower part of daily range at 28.6% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 11 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 4.3%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 7.7%.

Closing Price /
[Bearish]: Sky City Entertainment has failed to beat previous close by -2.1 %

[BEARISH]: Sky City Entertainment current downtrend in the first timeframe. Currently, the Close is $3.67.

Inverted Hammer /
Sky City Entertainment : Inverted Hammer

[BEARISH]: Sky City Entertainment has formed a new Inverted Hammer pattern.

Confirmation of Sky City Entertainment  is currently being accumulated via OBV
On Balance Volume /
Confirmation of Sky City Entertainment is currently being accumulated via OBV

SKC: OBV Current Signal ->(1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

Sky City Entertainment : Daily high performance is -1.3 % [Downtrend]
High Price /
Sky City Entertainment : Daily high performance is -1.3 % [Downtrend]

SKC: HIGH Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: NEUTRAL (3) 16 Feb: BULLISH

Range Tod Vs Range Yest /
Sky City Entertainment : Range Performance (0)

[BEARISH]: Sky City Entertainment sellers are increasingly eager. This is the first day sellers have increasing eagerness for SKC adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.35 & the greatest daily price range this year has been $0.35. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 1x.

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