Question 1

What is SKYX’s RSI, and how to interpret RSI?

Accepted Answer

SKYX Platforms Corp. (SKYX) RSI (Relative Strength Index) is 49.67 and its momentum from 0 to 100. The SKYX RSI indicates (if above 70, then it indicates overbought conditions and potential sell / or if below 30, it suggests oversold conditions and potential buy). Note: SKYX's RSI can stay at extremes during strong price trends.

Question 2

What is technical analysis and how does it work?

Accepted Answer

Technical analysis is the study of price movements and trading volume to predict future price direction. It uses mathematical indicators like RSI, MACD, and Bollinger Bands to identify patterns and trends. Unlike fundamental analysis, technical analysis focuses purely on price action and market psychology.

Question 3

What does MACD tell me about SKYX stock momentum?

Accepted Answer

MACD (Moving Average Convergence Divergence) shows the relationship between two moving averages. When MACD crosses above the signal line, it's often considered bullish. When it crosses below, it's bearish. And, in case of SKYX Platforms Corp. (SKYX) stock, the MACD is 0.02 and it’s bullish.

Question 4

What is the significance of volume indicators?

Accepted Answer

Volume indicators like OBV (On-Balance Volume) and MFI (Money Flow Index) help confirm price movements. Rising prices with increasing volume suggest strong momentum, while price moves without volume support may be less reliable.

Question 5

How do Bollinger Bands help in trading decisions?

Accepted Answer

Bollinger Bands consist of a middle line (20-day SMA) and two outer bands. When the price touches the upper band, the stock might be overbought. When it touches the lower band, it might be oversold. Band squeezes often precede significant price movements.

Question 6

Should I use technical analysis alone for investment decisions?

Accepted Answer

Technical analysis should be combined with fundamental analysis and risk management. While technical indicators are valuable for timing entry and exit points, understanding the company's financial health and market conditions provides a more complete investment picture.

SKYX Platforms Corp.