SkyWest's 15-Minute Chart Shows Overbought Conditions and Narrowing Bollinger Bands

The 15-minute chart for Skywest indicates that the stock has entered an overbought condition, as measured by the Relative Strength Index (RSI). Furthermore, the Bollinger Bands are narrowing, which suggests that the magnitude of stock price fluctuations is decreasing. These indicators suggest that the stock price has risen too rapidly and may be outpacing its underlying fundamentals, potentially leading to a correction.