Buy SkyWest | NASDAQ – SKYW | Short Term Trading Advice | Air Freight Sector | 19 Jun 2024 | Expected Gain 8% – 9%

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ SKYW

19 Jun 2024
16 Jul 2024
16 Jul 2024
17 days
Loss per
100,000 USD
Stop-loss
74
Buy Advice
19 Jun 2024
79 – 81
Target 1
16 Jul 2024
87
Target 2
16 Jul 2024
88
Profit per
100,000 USD
17 days
10,886
74
79 – 81
87
88
10,886
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • SkyWest
  • 79 – 81
  • 87 – 88
  • Below 74
  • 8% - 9%
  • 12 - 14 Days
  • Buy SkyWest
  • Buy
    Range
    79 – 81
  • Target 87 – 88
  • Stoploss Below 74
  • Upside
    Potential
    8% - 9%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    SkyWest (NASDAQ: SKYW) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SKYW
  • SkyWest
  • Air Freight/Delivery Services
  • 84.58
  • 36.91
  • NASDAQ Code SKYW
  • Stock Name SkyWest
  • Sector Air Freight/Delivery Services
  • 52 Weeks High 84.58
  • 52 Weeks Low 36.91
  • Company profile

    SkyWest, Inc. is a company that acts as a parent organization, offering scheduled passenger services in the United States of America, Canada, Mexico, and the Caribbean. It operates through two main segments: SkyWest Airlines and SWC, and SkyWest Leasing. The SkyWest Airlines and SWC segment handles all the revenue and operating expenses, while the SkyWest Leasing segment generates revenue from ownership costs earned through fixed-fee flying contracts. Established in 1972, the company is based in St. George, UT.

  • SkyWest (NASDAQ: SKYW) vs NASDAQ - Relative Strength Comparison

    The image compares SkyWest's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    SKYW —   NASDAQ —

  • SkyWest (NASDAQ: SKYW) - Technical Analysis (Daily)

    SkyWest - Technical Analysis chart on Daily Price and Volume
    SkyWest - Technical Analysis chart on Daily Price and Volume

    • The price is showing a strong uptrend, consistently forming higher highs and lows.
    • Every time the price reached its trendline support, it rebounded from that point.
    • The price is currently close to its highest level ever.
    • If the price can hold above the 80 level, there may be potential for further upward movement.
  • SkyWest (NASDAQ: SKYW) - RSI Indicator

    SkyWest stock analysis based on RSI Indicator
    SkyWest - RSI Indicator

    • Current RSI of this stock is 61.63, which indicates the strength of buyers.

  • SkyWest (NASDAQ: SKYW) - ADX & DI Indicator

    SkyWest stock analysis based on ADX & DI indicator
    SkyWest - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • SkyWest (NASDAQ: SKYW) - MACD Indicator

    SkyWest stock analysis based on MACD Indicator
    SkyWest - MACD Indicator

    • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

  • Conclusion - SkyWest (NASDAQ: SKYW) Stock Price Forecast

    Based on our daily trading calls in USA stocks, SkyWest stock price target will be USD 87 - USD 88 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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