Skkynet Stock Shows Minimal Recovery Despite Rising Revenues
Skkynet Cloud Systems' stock has been volatile despite rising subscription revenues. The stock market price has decoupled from operational improvements, leaving investors cautious.
On Friday, Skkynet's stock showed a minimal recovery, rising 1.67% to $0.610. However, the trading volume was low, with only 523 shares changing hands. This low volume amplifies price fluctuations and weakens technical signals.
The stock analysis on October 18, 2025, indicated a mixed outlook. A buy signal from the short-term Moving Average Convergence Divergence (MACD) suggested a potential upturn. However, the long-term average signalled a general sell, with the stock price above the short-term average, suggesting a negative forecast. The stock price was at $0.610, with resistance at $0.696 and support at $0.595.
Over the last ten trading days, there were five losing days, resulting in a 4.69% loss. Despite a modest recovery on Monday, driven by a turning point and breaking the short-term downtrend, the technical assessment remains cautious, advising a 'hold' with limited confidence in the recent recovery.
Skkynet Cloud Systems' stock has shown minimal recovery despite rising subscription revenues. The low trading volume and mixed technical signals suggest caution. Investors should monitor the situation closely before making any decisions.
