Buy SkyWest | NASDAQ SKYW | Naranj Capital

 BUY   SkyWest (NASDAQ: SKYW)

SkyWest (NASDAQ: SKYW) STOCK RECOMMENDATION

Idea BUY
Buy Range 79 – 81
Target 87 – 88
StopLoss* below 74
Duration 12-14 Trading Days
Potential Returns 8% – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 79 – 81 87 – 88 below 74 12-14 Trading Days 8% – 9%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

SkyWest (NASDAQ: SKYW) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol SKYW
Sectoral Index Air Freight/Delivery Services
52 Weeks High 84.58
52 Weeks Low 36.91

SkyWest (NASDAQ: SKYW) - RELATIVE STRENGTH

SKYW-RELATIVE STRENGTH

Relative Performance - Last 1 Year

SkyWest —     NASDAQ —

SkyWest (NASDAQ: SKYW) - DAILY TECHNICAL ANALYSIS

SKYW-DAILY TECHNCAL ANALYSIS
SkyWest (NASDAQ: SKYW) - Technical Analysis (Daily)
  • 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

SKYW-RSI
SkyWest (NASDAQ: SKYW) - RSI
  • Current RSI of this stock is 61.63, which indicates the strength of buyers.

SkyWest (NASDAQ: SKYW) - MACD

SkyWest (NASDAQ: SKYW) - MACD
  • 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.

SkyWest (NASDAQ: SKYW) - ADX & DI

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

CONCLUSION - SkyWest (NASDAQ: SKYW) STOCK PRICE FORECAST

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

SkyWest (NASDAQ: SKYW) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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