SWKS closes lower for the 3rd day in a row
Moving lower for the 3rd day in a row, SWKS ended the week -2.64% lower at 93.09 after losing $1.24 (-1.31%) today. Today's closing price of 93.09 marks the lowest close since May 3rd. Closing below Thursday's low at 94.16, the share confirms its breakout through the prior session's low having traded $1.92 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $1.50 (1.6%), that's slightly below last trading month's daily average range of $2.15. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 93.81.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Skyworks Solutions
|3 Consecutive Lower Closes||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
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