El descenso del 30% de Sky Quarry: ¿Un cambio estratégico o una crisis en el mercado?

Summary
• Sky Quarry (SKYQ) crashes 30% intraday to $0.481, erasing 30% of its value in under four hours.
• Company terminates $8.125M equity purchase agreement with Varie Asset Management, no shares issued.
• Technicals show RSI at 70.64 (overbought) amid a 52W low of $0.2075 and 52W high of $1.94.

Today’s collapse in Sky Quarry’s stock price has sent shockwaves through the market, with the stock trading at its lowest level since early 2025. The termination of a key financing agreement, coupled with bearish technical signals, has triggered a sharp selloff. Traders are now scrambling to assess whether this is a short-term panic or a deeper structural issue.

Termination of Equity Facility Sparks Investor Panic
Sky Quarry’s 30% intraday plunge stems from the termination of its $8.125M equity purchase agreement with Varie Asset Management. While the company emphasized no penalties and no incremental share issuance, the move signals a retreat from a critical financing lifeline. Investors interpreted the termination as a lack of confidence in the company’s capital structure, triggering a flight to safety. The absence of new dilution is a technicality—what matters is the psychological impact of a major financing option being removed, leaving the stock vulnerable to short-term volatility.

Technical Divergence and Key Levels to Watch
• 200-day average: $0.564 (above current price)
• 30-day average: $0.353 (below)
• RSI: 70.64 (overbought but price falling)
• MACD: 0.0299 (bullish) vs. signal line -0.0101 (bearish)
• Bollinger Bands: Price at $0.481 (near lower band at $0.1228)

The technical picture is mixed. While RSI suggests overbought conditions, the price action defies the indicator, hinting at a potential reversal. The 200-day MA at $0.564 acts as a critical resistance level; a break below the 30-day MA at $0.353 would confirm a bearish trend. Traders should monitor the $0.4522 intraday low as a near-term support. With no options data available, leveraged ETFs are off the table, but cash-secured puts or short-term volatility plays could capitalize on the stock’s erratic behavior.

Backtest Sky Quarry Stock Performance
The backtest of SKYQ's performance after a -30% intraday plunge from 2022 to the present reveals a mixed outlook. While the ETF has experienced a maximum return of -0.05% during the backtest period, with a 3-day win rate of 41.99%, 10-day win rate of 39.23%, and 30-day win rate of 42.54%, the overall trend has been negative, with returns of -0.53% over 3 days, -3.65% over 10 days, and -7.57% over 30 days. This suggests that while there have been short-term gains, the ETF has largely underperformed in the long run following the significant intraday plunge.

Act Now: Sky Quarry’s Freefall May Not Be Over
Sky Quarry’s collapse reflects a loss of investor confidence in its capital strategy, amplified by bearish technical divergence. While the 52W low at $0.2075 looms, the stock’s volatility suggests a potential rebound if it finds support above $0.45. However, the termination of the Varie agreement removes a key financing tool, raising questions about the company’s ability to execute its growth plans. Watch Exxon Mobil (XOM), the sector leader up 3.85%, for broader market sentiment. For SKYQ, the immediate priority is a breakdown below $0.45—failure to hold that level could trigger a deeper selloff. Aggressive traders may consider shorting into a bounce, but caution is warranted given the stock’s extreme volatility.