SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SKM • US78440P3064
Overall SKM gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- SKM is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. SKM outperforms 80% of them.
- SKM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKM is lagging the market slightly.
- In the last month SKM has a been trading in the 20.19 - 30.29 range, which is quite wide. It is currently trading near the high of this range.
- SKM has an average volume of 1151340 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 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
Although SKM has an excellent technical rating, it 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.98 to 28.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.12 from a trend line in the daily 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.
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 | 89.5 | POSITIVE | SKM has a high relative strength, it outperformed 89.5% 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) | 72.47 | OVERBOUGHT | The high RSI value suggests SKM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SKM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.42 | OVERBOUGHT | The high Stochastics value suggests SKM may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SKM suggests some volalility. |
| Average Directional Index/ADX (14) | 53.46 | POSITIVE | The high ADX value value for SKM suggests a strong trend. |
28.42
-1.69 (-5.61%)
SK TELECOM CO LTD-SPON ADR / SKM 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.
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 72.4706. This indicates that the stock is currently overbought.
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 0.400395, 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 28.41. Check the full technical report for our detailed analysis of SKM support and resistance levels.