SKLZ trade ideas
SHORT SQUEEZe UP AND GOOING HIGH SKLZ Skillz is going to pump up to $14 by the end of November. It will drop to $8 next couple weeks or less.
SKLZ predictionHope you all have a nice day my companions!
I did this analysis based on fibonacci, volumeprofiling and background news.
Fibonacci shows us a strength resistance around 11.30$, this need to break before we can estimate further price movements.
the volumprofile is confident around 10.70$, this is mostly the target in the next days/weeks - lets see.
Stop loss aorun 8.40$ seems to be a good choice and the risk/reward is pretty confident!
Backround check:
First very important - Since Q2 2021 cash and equivalents of $692.8 million with zero debt!
Since the listing of Skillz (NASDAQ:SLKZ) stock in December 2020, there has hardly been any reason for investors to rejoice. After touching highs of $46.30 in February 2021, SKLZ stock has been in a sustained downtrend.
A row of people wearing matching outfits and headsets play a video game together in a room with blue lighting.
Source: NYCStock / Shutterstock.com
In August 2021, Skillz formed a strategic partnership with Exit Games. With this partnership, developers will be able to utilize the advanced synchronous multiplayer gaming technology. This will help in creation of real-time, synchronous multiplayer games. Therefore, it’s likely that the partnership will help in boosting users and user engagement.
Third, Skillz has also partnered with NFL. The partnership will identify new NFL-branded mobile game(s). As a part of this initiative, 14 games are already in the development phase.
Overall I see SKLZ in a good buy position with small risk.
SKLZ Harmonics: Bullish ABCD Shark Sklz is ending the second square contraction phase into October 18th to November 15th and beginning an expansion phase into the third square. Please see chart for entry and exit details of time and price ranges, for the final harmonic bounce of the the second square. Once the D point is achieved, one may go short for a 0.382-0.618 retracement from of X to C points. There are other levels below this level which can be reached but I expect this to be the final bottom for this square. Good luck, trade safely, and let's make that money!
SKLZ - Oversold Swing Idea - Not Financial AdviceSwing play. $8.50-$9 buy range
Ride to $14.50 range, current 100 day MA
Possibly could drop to $6-$6.50, but low chance
was oversold, 25 RSI
See chart.
Cheers! -E
SKILLZ | SOON GOOD TIME FOR LONG!! 🔥All on chart! Stock oversold.
Skillz is the company that operates one of the largest mobile esports platforms connecting players from all over the world, giving users the opportunity to compete for the leadership in games. Using its proprietary technology, the platform hosts billions of casual tournaments and pays out millions of dollars to winners every month.
Country
United States
Buy $SKLZ - NRPicks 27 AgoSkillz Inc. is a company that primarily develops and supports a proprietary online hosted technology platform that enables independent game developers to organize tournaments and provide competitive gaming activity to end users worldwide.
RSI oversold
August 2020 lows
$SKLZ Should Get Technical Bounce$SKLZ should, at a minimum, soon get a strong 30% technical bounce from its current levels. At a minimum, I expect a rally to the orange box. It may also be ending the entire decline from February onwards, but I will remain conservative here and only aim for the initial move for the moment.
SKLZ Daily TimeframeSNIPER STRATEGY
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$SKLZ - At a strong support areaSKLZ popped up this morning. I have not looked at it in a while. It has retreated back to a strong support area between here and $10. I like the risk reward but will be watching for a couple days to see how she moves. Good luck to the longs!
280m cash flow thoughts on growth for next 5 years where do you see sklz going in the future? i see bullish but when? juicy price atm IMO not financial advice*
thoughts on this being the future growth of this stock?bullish on growth alone, like sklz for long especially here. in at loss but wish i got in at these levels. not financial advice but i can see this being how the next er goes
$SKLZ stock analysis and prediction. Boxes strategy + patternsHello everyone!
Today I take a look at mysterious NYSE:SKLZ price movement.
Why misterious?
I personally think the company has a great business plan, innovative product and tons of growth potential. Fundamentally, if stock price alligns with the business indicators, it should skyrocket.
However , stock price does not reflect that view and just keeps plummeting for the last half a year.
So let's talk charts.
Red trend lines combined with stock movement since February 2021 represent a typical falling wedge.
I drew the predictive blue arrow path in August when price bounced from $10 level.
I was expecting the price to break the wedge and soar up.
Even though we went up on a breakout, that was not for long.
So now I turn to my boxes strategy to help me figure out what is going on.
Key levels are indicated on the chart.
A couple of scenarious here:
If long-term support breaks, I suggest selling the stock.
If 12.44 is taken, we see a move higher with 13.93 level retest. If all goes well, I want to see 18 by the end of this year.
Otherwise, we move sideways in a tight range of the smaller box.
Remember!
Look for unusual volume on breakout from the key levels.
Overall, I expect this stock to move much higher in the long run.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$SKLZ - Requested Analysis - I hold no position$SKLZ - Requested Analysis
Ok, @pridefulRider62005, so this is a newer stock and I usually like to see more technicals, but I’ll do the best I can… The All time lows are at 9.81, which I noticed was just tested and it bounced up and off of it… but it looks like it might test it again…
If it breaks below that then there is really no support down there…
If you don’t have a position at the moment, I would wait until the trend reverses… But if you do, then ideally what you want to see is from here to get above the 50 EMA, and if that holds, then to get above the 180 EMA and from there you can stay in the trade for as long as the macD stays above 0…. (Right now it’s below zero and SKLZ will stay bearish for as long as the MacD is UNDER the 0 centerline)
I hope this helps…
SKLZ Huge Volume PT 18 Soon?They say history rhymes, so when we look at the massive volume spike on the 1st Sept I see a violent breakout brewing. The last time volume went over 100M (10x average) the price shot from 12 to 22 in a few days (22nd April). This time the company is in a better place in my opinion, especially following the investment into MAU and the aquisition of Akari. RSI has been showing a bullish divergence as of late, and looks to be breaking out of the tip of a falling wedge when you include the growth/SPAC pump around Feb 2021. PT 18 in the near future.
Good luck all!
$SKLZ testing ResistanceLooking for $SKLZ to hold above 20-day ma for push up to $15.50 target zone.
MACD positive divergence.
SKLZ Update - Puts closedOoof What a magnificent disaster. It dove deeper than expected.
Insiders are selling
Lawsuits are piling up
Please remind my a reason to own this? Not sure where its going now but definitely not to ATH. Puts closed (a few weeks ago), out and never looking at this one again.
$SKLZSkillz Inc. operates as a technology company that enables game developers to monetize their content through fun and fair multi-player competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It hosts casual esports tournaments to a range of mobile players. The company was founded in 2012 and is headquartered in San Francisco, California.
