SK TELECOM CO LTD-SPON ADR (SKM) Technical Analysis
NYSE:SKM • US78440P3064
Current stock price
SKM Technical Rating and Analysis
Taking everything into account, SKM scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- SKM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SKM is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. SKM outperforms 76% of them.
- SKM has an average volume of 1787750 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 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- SKM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKM is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
SKM Weekly and Daily overview Charts
SKM Setup Rating and Analysis
SKM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.07, a Stop Loss order could be placed below this zone.
More info and screens
SKM Support and Resistance Analysis
19.73
We found 2 important support areas.
- A support zone ranging from 27.84 to 28.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.73 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for SKM is neutral. |
| ChartMill Relative Strength | 91.16 | POSITIVE | SKM has a high relative strength, it outperformed 91.16% 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) | 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) | 46.44 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests SKM has a negative trend. |
| Stochastics (14,3) | 27.99 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SKM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for SKM suggests a possible start of a new trend. |
SKM Chart- and CandleStick Pattern Analysis
SKM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.78 | 27.90 | 1.88 (6.31%) | 15.84% |
| An entry @29.78. This is a Buy Stop order right above the resistance zone. | An exit @27.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.88 points, which is 6.31%. | For a 1.00% total portfolio risk, you can invest 15.84% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SKM Technicals: Chart, Performance Metrics, Trend & Indicators
28.44
-0.69 (-2.37%)
SK TELECOM CO LTD-SPON ADR / SKM TA FAQ
What is the technical rating for SKM stock?
ChartMill assigns a technical rating of 7 / 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.
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 46.4356. This indicates that the stock is currently neutral.
What is the MACD signal for SK TELECOM CO LTD-SPON ADR (SKM) stock?
The MACD indicator for SK TELECOM CO LTD-SPON ADR (SKM) has a value of -0.293587, indicating a bearish trend.
Can you provide the support and resistance levels for SK TELECOM CO LTD-SPON ADR?
SK TELECOM CO LTD-SPON ADR (SKM) has a support level at 28.07 and a resistance level at 29.73. Check the full technical report for our detailed analysis of SKM support and resistance levels.