SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
NYSE:SKM - New York Stock Exchange, Inc. - US78440P3064 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to SKM. In the last year, SKM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, SKM is a bad performer in the overall market: 65% of all stocks are doing better.
SKM is one of the lesser performing stocks in the Wireless Telecommunication Services industry. 90% of 21 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SKM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKM is lagging the market.
In the last month SKM has a been trading in the 21.66 - 23.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SKM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SKM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.80
24.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.10 to 22.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.15 from a horizontal line in the daily time frame.
- A support zone ranging from 20.54 to 20.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 20.00 to 20.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @23.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.27 to 24.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SKM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKM is neutral. |
| ChartMill Relative Strength | 35.49 | NEUTRAL | SKM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.96 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SKM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.58 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.99 | NEGATIVE | The low ADX value for SKM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.39
-0.04 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-0.18%
1 Week0.4%
2 Weeks-5.88%
1 Month1.63%
3 Month-2.18%
6 Month4.72%
12 Month4.29%
2 Year11.56%
3 Year-2.35%
5 Year-32.97%
10 Year-43.31%
15 Year-16.97%
Volatility
ATR(14)0.42
ATR(20)%1.82%
ATR Inc-47.32%
Range Today0.2
ADR(20)0.25
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.49
Mansfield-0.73
10 Day High23.67
10 Day Low21.66
20 Day High23.8
20 Day Low21.66
52 Week High24.58
52 Week Low19.84
CS1 End22.13
CR1 Start23.18
Volume & EV
DER(3)4.9%
DER(5)6.26%
Volume279.33K
Volume Incr-42.31%
Vol(5)327.80K
Vol(50)493.89K