Technical Analysis for SKYE - Skye Bioscience, Inc.

Grade Last Price % Change Price Change
D 12.50 -1.81% -0.23
SKYE closed down 1.81 percent on Wednesday, May 8, 2024, on 53 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Hammer Candlestick Bullish -1.81%
Narrow Range Bar Range Contraction -1.81%
Wide Bands Range Expansion -1.81%

   Recent Intraday Alerts

Alert Time
Down 3% about 12 hours ago
Down 2 % about 17 hours ago
Gap Up Closed about 17 hours ago
60 Minute Opening Range Breakdown about 17 hours ago
Down 1% about 17 hours ago

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Profile

Skye Bioscience, Inc. is a biopharmaceutical company, which engages in the discovery, development and commercialization of cannabinoid-based therapeutics. It focuses on the treatment of a spectrum of diseases, as well as utilizing bioengineering in drug design. Its product pipeline includes SBI-100 and SBI-200. The company was founded on March 16, 2011 and is headquartered in San Diego, CA.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Disease Drug Design

Is SKYE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 19.4099
52 Week Low 0.0074
Average Volume 54,612
200-Day Moving Average 4.80
50-Day Moving Average 13.48
20-Day Moving Average 13.79
10-Day Moving Average 12.87
Average True Range 1.24
RSI (14) 39.39
ADX 14.22
+DI 31.66
-DI 24.82
Chandelier Exit (Long, 3 ATRs) 13.93
Chandelier Exit (Short, 3 ATRs) 11.97
Upper Bollinger Bands 16.87
Lower Bollinger Band 10.71
Percent B (%b) 0.29
BandWidth 44.65
MACD Line -0.02
MACD Signal Line 0.20
MACD Histogram -0.2237
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.26
Resistance 3 (R3) 14.39 13.94 13.96
Resistance 2 (R2) 13.94 13.49 13.87 13.86
Resistance 1 (R1) 13.22 13.22 13.00 13.09 13.77
Pivot Point 12.77 12.77 12.66 12.70 12.77
Support 1 (S1) 12.05 12.32 11.83 11.92 11.23
Support 2 (S2) 11.60 12.05 11.53 11.14
Support 3 (S3) 10.88 11.60 11.04
Support 4 (S4) 10.75