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 6 out of 10 to SKM. SKM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SKM is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry, of which 70% are performing better than SKM.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SKM has a been trading in the 19.84 - 21.72 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, SKM outperforms 47% of them, which is more or less in line with the market.
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.
SKM has an average technical rating and it also does not offer a high quality setup 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
19.80
23.28
2 important support areas can be observed.
- A support zone ranging from 20.54 to 21.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 22.36 to 23.05. 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 | NEUTRAL | NEUTRAL | The long term trend for SKM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKM is up. |
| ChartMill Relative Strength | 47.98 | NEUTRAL | SKM is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SKM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.9 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SKM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.17 | OVERBOUGHT | The high Stochastics value suggests SKM may be overbought. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.21 | 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)
21.47
-0.15 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-0.69%
1 Week3.82%
2 Weeks3.62%
1 Month7.35%
3 Month0.33%
6 Month-3.24%
12 Month4.22%
2 Year10.05%
3 Year-3.81%
5 Year-32.5%
10 Year-47.39%
15 Year-11.47%
Volatility
ATR(14)0.3
ATR(20)%1.41%
ATR Inc19.49%
Range Today0.26
ADR(20)0.26
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.98
Mansfield-0.77
10 Day High21.72
10 Day Low20.45
20 Day High21.72
20 Day Low19.84
52 Week High24.58
52 Week Low19.84
CS1 End21.3
CR1 Start22.36
Volume & EV
DER(3)0.33%
DER(5)0.06%
Volume339.10K
Volume Incr6.35%
Vol(5)491.10K
Vol(50)459.83K