SK TELECOM CO LTD-SPON ADR (SKM) Technical Analysis
NYSE:SKM • US78440P3064
Current stock price
SKM Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SKM. Both in the recent history as in the last year, SKM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- SKM is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. SKM outperforms 90% of them.
- SKM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SKM has a been trading in the 28.21 - 38.18 range, which is quite wide. It is currently trading near the high of this range.
- SKM has an average volume of 1785640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SKM did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SKM Weekly and Daily overview Charts
SKM Setup Rating and Analysis
Although SKM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SKM Support and Resistance Analysis
19.73
We found 3 important support areas.
- A support zone ranging from 30.19 to 31.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.07 from a horizontal line in the daily time frame.
- Support @19.93 from a horizontal line in the daily time frame.
SKM Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for SKM is up. |
| ChartMill Relative Strength | 92.63 | POSITIVE | SKM has a high relative strength, it outperformed 92.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKM is above 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) | UP | POSITIVE | The current price of SKM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.03 | OVERBOUGHT | The high RSI value suggests SKM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests SKM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.49 | OVERBOUGHT | The high Stochastics value suggests SKM may be overbought. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SKM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.18 | POSITIVE | The high ADX value value for SKM suggests a strong trend. |
SKM Chart- and CandleStick Pattern Analysis
SKM Technicals: Chart, Performance Metrics, Trend & Indicators
37.84
+0.56 (+1.5%)
SK TELECOM CO LTD-SPON ADR / SKM TA FAQ
What is the technical rating for SKM stock?
ChartMill assigns a technical rating of 9 / 10 to SKM.
Can you provide the trend direction for SK TELECOM CO LTD-SPON ADR?
The current trend direction for SK TELECOM CO LTD-SPON ADR (SKM) is Bullish.
Can you provide the RSI signal for SK TELECOM CO LTD-SPON ADR?
SK TELECOM CO LTD-SPON ADR (SKM) has an RSI value of 75.0326. This indicates that the stock is currently overbought.
What is the short term momentum for SKM stock?
The short term momentum for SK TELECOM CO LTD-SPON ADR (SKM) is positive.
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 buy as both the short term and long term trends are positive.