SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SKM - US78440P3064 - ADR
Overall SKM gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, SKM does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SKM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.48
When analyzing the support we notice one important area.
- A support zone ranging from 19.68 to 20.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 20.46 to 20.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.62 from a horizontal line in the daily time frame.
- Resistance @22.61 from a horizontal line in the daily time frame.
- Resistance @23.07 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for SKM is neutral. |
| ChartMill Relative Strength | 26.12 | NEGATIVE | SKM has a low relative strength, it was outperformed by 73.88% 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 | MIXED | The current price of SKM is above 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) | 48.47 | 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) | 72.48 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for SKM suggests a weak or negative trend. |
20.29
-0.19 (-0.93%)
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.
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 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 48.4748. 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 0.0265727, 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 20.26 and a resistance level at 20.46. Check the full technical report for our detailed analysis of SKM support and resistance levels.