Hope 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 $46.30 in February 2021, SKLZ stock has been in a sustained downtrend.
A row of people wearing matching outfits and headsets play a video game together in a room with blue lighting.
Source: NYCStock / Shutterstock.com
In August 2021, Skillz formed a strategic partnership with Exit Games. With this partnership, developers will be able to utilize the advanced synchronous multiplayer gaming technology. This will help in creation of real-time, synchronous multiplayer games. Therefore, it’s likely that the partnership will help in boosting users and user engagement.
Third, Skillz has also partnered with NFL. The partnership will identify new NFL-branded mobile game(s). As a part of this initiative, 14 games are already in the development phase.
Overall I see SKLZ in a good buy position with small risk.
I did this analysis based on fibonacci, volumeprofiling and background news.
Fibonacci shows us a strength resistance around 11.30$, 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.