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Monthly Price vs. Trendline:Testing Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 4/19/2024 -
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Skyworks Solutions Inc. (SWKS) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range is oversoldTrend support at 116.20
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldThe price has risen above the Parabolic SAR
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It was the negative week for the Skyworks Solutions Inc. (SWKS). During the week, the SWKS dropped -5.44 points, or -5.36%, and closed at 96.11 on Friday, April 19, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 15% above average.

Long-term trend: [See SWKS long-term trend chart]
A long-term downtrend had started on April 29, 2021 at 204.00 and reached 76.16 on October 13, 2022. SWKS lost 127.84 points, or 62.67%, in 76 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (88.97) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SWKS medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 85.06 and reached 115.12 on December 26, 2023. SWKS gained -30.06 points, or -35.34%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (116.20) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See SWKS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See SWKS short-term trend chart]
A short-term downtrend had started on January 24, 2024 at 110.60 and reached 95.65 on April 19, 2024. SWKS lost 14.95 points, or 13.52%, in 86 days. Price is near the trend low.

Daily Technical Indicators: [See SWKS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.78
Williams' Percentage Range (W%R) 90.10
Strong Oversold
Lane's Stochastic (%D-Slow) 4.76
Strong Oversold
Greed/Fear Indicator (GFI) 13.14
Oversold
Moving Average Converg./Diverg. (MACD) -0.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.94
Williams' Percentage Range (W%R) 83.70
Oversold
Lane's Stochastic (%D-Slow) 44.72
Greed/Fear Indicator (GFI) 34.83
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Upper Bollinger Band 109.48
50 Day Moving Average 104.40
20 Day Moving Average 103.64
Parabolic System 102.27
Weekly Stochastic Crossing 101.78
Monthly Trendline Resistance 96.33
Price 96.11
Daily Stochastic Crossing 96.02
Lower Bollinger Band 95.32
Yearly Trendline Support 88.97
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Semiconductors 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 110.60
High Date 01/24/2024
Low 95.65
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 115.12
High Date 12/26/2023
Low 95.65
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 96.33
Support 116.20
Low 85.06
Low Date 11/01/2023
High 115.12
High Date 12/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.16
Low Date 10/13/2022
High 123.69
High Date 02/07/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 69.61
Support 88.97
High 204.00
High Date 04/29/2021
Low 76.16
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.