SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
USA - NYSE:SKM - US78440P3064 - ADR
Taking everything into account, SKM scores 0 out of 10 in our technical rating. SKM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SKM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.08, a Stop Loss order could be placed below this zone.
More info and screens
19.73
When analyzing the support we notice one important area.
- A support zone ranging from 19.93 to 20.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 20.87 to 21.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @21.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.61 to 22.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.18 from a horizontal line in the daily time frame.
- Resistance @24.22 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for SKM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKM is down. |
| ChartMill Relative Strength | 26.69 | NEGATIVE | SKM has a low relative strength, it was outperformed by 73.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SKM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.13 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SKM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.72 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.25 | NEUTRAL | The ADX value for SKM suggests a possible start of a new trend. |
20.09
-0.3 (-1.47%)
SK TELECOM CO LTD-SPON ADR / SKM FAQ
What is the technical rating for SKM stock?
ChartMill assigns a technical rating of 0 / 10 to SKM.
What is the current trend direction of SK TELECOM CO LTD-SPON ADR (SKM) stock?
The current trend direction for SK TELECOM CO LTD-SPON ADR (SKM) is Bearish.
What is the RSI signal for SK TELECOM CO LTD-SPON ADR (SKM) stock?
SK TELECOM CO LTD-SPON ADR (SKM) has an RSI value of 37.1258. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SK TELECOM CO LTD-SPON ADR?
The MACD indicator for SK TELECOM CO LTD-SPON ADR (SKM) has a value of 0.0265761, indicating a bearish trend.
What is the buy/sell signal for SK TELECOM CO LTD-SPON ADR (SKM) stock?
The buy/sell signal for SK TELECOM CO LTD-SPON ADR (SKM) is sell as both the short term and long term trends are negative.