Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
First Trust Cloud Computing ETF

SKYY Technical Analysis Summary (NASDAQ)

Analyze SKYY on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SKYY●NASDAQ
Financial ServicesAsset Management - Bonds
$135.84
$3.88(2.94%)
U.S. Market opens in 15h 23m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SKYY Technical Analysis Summary (NASDAQ)

First Trust Cloud Computing ETF (NASDAQ: SKYY) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 51.28)
Trend Strength:Weak (ADX: 13.70)
Volatility:Medium (ATR: 3.85)
Support/Resistance:$130.56 – $142.23 (Bollinger Bands)

Technical conditions suggest First Trust Cloud Computing ETF on the NASDAQ is awaiting a decisive move. This mix signals that First Trust Cloud Computing ETF is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 51.28

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 21.92

Bearish
Momentum remains weak below midpoint.

Williams %R: -54.83

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -2.29

Bearish
Selling pressure outweighs buying.

Takeaway:First Trust Cloud Computing ETF shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.24

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 13.70

Weak
Weak trend, market trading sideways.

ATR (14): 3.85

Medium
Medium volatility, healthy price movement.

CCI (14): -30.97

Bearish
Bearish, momentum remains under pressure.

Takeaway:First Trust Cloud Computing ETF shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$142.23
Middle Band (SMA 20)
$136.39
Lower Band
$130.56
Current Position
Within Bands

Takeaway:First Trust Cloud Computing ETF trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$142.97
Middle Line (EMA 20)
$135.28
Lower Channel
$127.59
Squeeze Status
Squeeze On

Takeaway:First Trust Cloud Computing ETF trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.85M
Money Flow Index38.03Bearish, selling pressure outweighs inflows.
Relative Vigor Index48.65Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:SKYY shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of First Trust Cloud Computing ETF (NASDAQ: SKYY), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for First Trust Cloud Computing ETF are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: SKYY) Technical Analysis FAQ