SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
USA - NYSE:SKM - US78440P3064 - ADR
21.61 USD
+0.39 (+1.84%)
21.45 USD
-0.16 (-0.74%)
We assign a technical rating of 0 out of 10 to SKM. SKM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% of all other stocks performed better in the past year than SKM.
SKM is one of the lesser performing stocks in the Wireless Telecommunication Services industry. 61% of 22 stocks in the same industry do better.
In the last month SKM has a been trading in the 20.67 - 22.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
The technical rating of SKM is bad and it also does not present a 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
24.71
We found 3 important support areas.
- A support zone ranging from 21.35 to 21.54. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 21.78 to 21.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.61 from a horizontal line in the daily time frame.
- Resistance @23.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.22 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 | DOWN | NEGATIVE | The long term trend for SKM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKM is neutral. |
| ChartMill Relative Strength | 28.98 | NEGATIVE | SKM has a low relative strength, it was outperformed by 71.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SKM is above 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) | UP | MIXED | The current price of SKM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.01 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SKM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.79 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.37 | NEUTRAL | The ADX value for SKM suggests a possible start of a new 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)
21.61
+0.39 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg1.84%
1 Week0.84%
2 Weeks-0.55%
1 Month-2.17%
3 Month-2.44%
6 Month-5.59%
12 Month-6%
2 Year6.66%
3 Year10.48%
5 Year-37.67%
10 Year-44.29%
15 Year-28.78%
Volatility
ATR(14)0.25
ATR(20)%1.04%
ATR Inc72.24%
Range Today0.25
ADR(20)0.2
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.98
Mansfield-1.04
10 Day High21.78
10 Day Low20.67
20 Day High22.03
20 Day Low20.67
52 Week High24.34
52 Week Low19.84
CS1 End21.54
CR1 Start21.78
Volume & EV
DER(3)-1.37%
DER(5)-0.4%
Volume509.90K
Volume Incr38.55%
Vol(5)467.40K
Vol(50)356.12K