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

Sky City Entertainment
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Positive VROC for Sky City Entertainment  is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC for Sky City Entertainment is a leading indicator for continued price rise

[BULLISH]: Sky City Entertainment currently has positive volume of change of 766%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.7%.

Sky City Entertainment  is being actively accumulated based on OBV
On Balance Volume /
Sky City Entertainment is being actively accumulated based on OBV

[BULLISH]: Sky City Entertainment current price has highlighted recent accumulation. Currently, the OBV is 6.27321e+006.

Elders Force Index /
[Buying Pressure]: Elders Force Index (36812) confirms bullish conditions are intact

[BULLISH]: Sky City Entertainment current price has highlighted recent buying pressure. Currently, the Elders Force Index is 36812.

Pivot Reversal /
A short term Pivot Reversal has formed with Sky City Entertainment

[BULLISH]: A short term Pivot Reversal has formed with Sky City Entertainment which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 18 occurrences of this bar reversal giving a signal probability of 6.8%.

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

[BULLISH]: Sky City Entertainment current price have moved upwards on high volume. Currently, the Ease of Movement is 0.202

Pivot Points /
[Long]: Exit price for SKC should be set @$3.75

Sky City Entertainment has broken the first resistance point ($3.72) [Bullish]. Look for a long limit order entry near this point. Exit price for SKC should be set @$3.75 & Stoploss for Sky City Entertainment should be set between $3.59 & $3.56

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Open Tod Vs Close Tod /
Sky City Entertainment : Buyers were in control all day.

SKC: Open today versus close yesterday Current Signal ->(1) 12 Dec: BULLISH STRONG (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH STRONG

This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.5%
Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.5%

[BULLISH]: Sky City Entertainment buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for SKC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.7 & the greatest daily positive change this year has been 5.3. The longest consecutive upswing rally over the last 12 months has been 2 days giving a total rally upward movement of 9.9%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 1%

Sky City Entertainment : Range Performance (-38.5)
Range Tod Vs Range Yest /
Sky City Entertainment : Range Performance (-38.5)

[WEAK BEARISH]: Sky City Entertainment buyers are becoming less eager. This is the first day buyers have decreased eagerness for SKC reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2 & the greatest daily price range this year has been $3.78. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.1x.

Coles Reaction Day /
Sky City Entertainment : Coles Rally Day for the daily trend is confirmed

Sky City Entertainment : Coles Rally Day has been confirmed A higher high has been achieved for last trading day for SKC

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Sky City Entertainment [Bullish]

[BULLISH]: Sky City Entertainment currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.7%.

Weighted Moving Average /
[Uptrend]: Recent trading for SKC indicates ST trend is likely to continue

SKC: WMA Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CROSSOVER

Sky City Entertainment : Daily low price is $3.62 [Lower Low]
Low Price /
Sky City Entertainment : Daily low price is $3.62 [Lower Low]

[BEARISH]: Sky City Entertainment current uptrend in the first timeframe. Currently, the Low is $3.62 (3.4 %).

Price continues to trade above the Triangular Moving Average(5) for SKC
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for SKC

[BULLISH]: Sky City Entertainment currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.7%.

Woodie Pivot Point /
Woodie pivot point for SKC is bullish. Stoploss should be positioned @$3.595

Sky City Entertainment has broken the first Woodie resistance point ($3.73) [Bullish]. Look for a long limit order entry near this point. Exit price for SKC should be set @$3.755 & Stoploss for Sky City Entertainment should be set at $3.595

Bollinger Bands /
Sky City Entertainment is now overbought with the Upper Bollinger Band @$3.67

[BEARISH CROSSOVER]: Sky City Entertainment has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 108.61% with a current width of 7.25.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for SKC

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

Sky City Entertainment : Aroon oscillator (32) has confirmed an uptrend is present
Aroon Oscillator /
Sky City Entertainment : Aroon oscillator (32) has confirmed an uptrend is present

[BULLISH]: Sky City Entertainment has a current ARU(25) of 100 and a current ARD(25) of 68

Strong price performance from SKC has seen a higher high of 1.9 % [Uptrend]
High Price /
Strong price performance from SKC has seen a higher high of 1.9 % [Uptrend]

SKC: HIGH Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Sky City Entertainment : Daily opening price is $3.63
Opening Price /
Sky City Entertainment : Daily opening price is $3.63

SKC: OPEN Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: BULLISH (3) 08 Dec: NEUTRAL

Long Trend /
SKC: Long term trend is still an Uptrend

SKC: Long Term Trend Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

Exponential Moving Average /
The EMA trend following signal is still current for Sky City Entertainment [Bullish]

[BULLISH]: Sky City Entertainment currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.7%.

Demarks Pivot Points /
[Long]: Limit orders for Sky City Entertainment should be set at $3.6775

Sky City Entertainment current pivot point (DeMark) is: (R1) $3.735. The current pivot point (DeMark) is: (S1) $3.655.

Fibonacci Extensions /
Sky City Entertainment has moved above the 161.8% extension level ($0) [Bearish]

Sky City Entertainment has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for SKC should be set @$0 & short position stoploss for Sky City Entertainment should be set at $0

Rate of change continues to build for Sky City Entertainment  signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Sky City Entertainment signalling a short term uptrend is likely

[BULLISH]: Sky City Entertainment currently has positive rate of change of 6%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for SKC

[BEARISH]: Sky City Entertainment currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.7%.

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