Technical Analysis for SKG.UN - Skylon Growth & Income Trust

Grade Last Price % Change Price Change
grade C 7.09 2.75% 0.190
SKG.UN closed up 2.75 percent on Friday, January 18, 2019, on 4.42 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical SKG.UN trend table...

Date Alert Name Type % Chg
Jan 18 Crossed Above 50 DMA Bullish 0.00%
Jan 18 MACD Bullish Centerline Cross Bullish 0.00%
Jan 18 Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 Volume Surge Other 0.00%
Jan 18 Wide Range Bar Range Expansion 0.00%
Jan 18 Above Upper BB Strength 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 18 Upper Bollinger Band Touch Strength 0.00%
Jan 17 Stochastic Sell Signal Bearish 2.75%

Older signals for SKG.UN ...

Free Daily (Stock) Chart Reading

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.
Configure default chart indicators
Basic chart:
Profile
Skylon Growth & Income Trust (the Trust) is a Canada-based closed-end investment trust. The investment objectives of the Trust are to provide unitholders with monthly distributions, endeavor to preserve capital throughout the life of the Trust and enhance the long-term total return of the portfolio of the Trust. The Trust invests in mortgage-related and other asset-backed securities. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage backed securities, asset-backed securities, collateralized debt obligations and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. CI Investments Inc. acts as investment manager of the Trust. Signature Global Asset Management, a division of CI Investments Inc., is the investment advisor of the Trust.
Is SKG.UN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 8.43
52 Week Low 6.47
Average Volume 4,692
200-Day Moving Average 7.5962
50-Day Moving Average 6.9468
20-Day Moving Average 6.7555
10-Day Moving Average 6.884
Average True Range 0.0882
ADX 22.93
+DI 41.8997
-DI 21.9872
Chandelier Exit (Long, 3 ATRs ) 6.8254
Chandelier Exit (Short, 3 ATRs ) 6.7346
Upper Bollinger Band 7.0518
Lower Bollinger Band 6.4592
Percent B (%b) 1.06
BandWidth 8.772112
MACD Line 0.0159
MACD Signal Line -0.0343
MACD Histogram 0.0502
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.405
Resistance 3 (R3) 7.370 7.230 7.353
Resistance 2 (R2) 7.230 7.150 7.248 7.335
Resistance 1 (R1) 7.160 7.100 7.195 7.195 7.317
Pivot Point 7.020 7.020 7.038 7.038 7.020
Support 1 (S1) 6.950 6.940 6.985 6.985 6.863
Support 2 (S2) 6.810 6.890 6.828 6.845
Support 3 (S3) 6.740 6.810 6.828
Support 4 (S4) 6.775