Technical Analysis for SKYE - Skye Bioscience, Inc.

Grade Last Price % Change Price Change
B 12.93 -0.54% -0.07
SKYE closed down 0.54 percent on Tuesday, April 30, 2024, on 71 percent of normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
20 DMA Resistance Bearish -0.54%
Narrow Range Bar Range Contraction -0.54%
Wide Bands Range Expansion -0.54%
Gapped Up Strength -0.54%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.54%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 9 hours ago
Down 3% about 9 hours ago
Fell Below Previous Day's Low about 9 hours ago
Down 2 % about 9 hours ago
Down 1% about 9 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 52,410
200-Day Moving Average 4.42
50-Day Moving Average 12.75
20-Day Moving Average 13.26
10-Day Moving Average 14.39
Average True Range 1.57
RSI (14) 43.18
ADX 17.58
+DI 30.00
-DI 27.39
Chandelier Exit (Long, 3 ATRs) 12.95
Chandelier Exit (Short, 3 ATRs) 12.05
Upper Bollinger Bands 17.85
Lower Bollinger Band 8.68
Percent B (%b) 0.46
BandWidth 69.15
MACD Line 0.30
MACD Signal Line 0.57
MACD Histogram -0.2747
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.67
Resistance 3 (R3) 13.61 13.31 13.54
Resistance 2 (R2) 13.31 13.12 13.34 13.50
Resistance 1 (R1) 13.12 13.01 12.97 13.18 13.46
Pivot Point 12.82 12.82 12.75 12.85 12.82
Support 1 (S1) 12.63 12.63 12.48 12.69 12.40
Support 2 (S2) 12.33 12.52 12.36 12.36
Support 3 (S3) 12.14 12.33 12.32
Support 4 (S4) 12.20