SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
NYSE:SKM - New York Stock Exchange, Inc. - US78440P3064 - ADR - Currency: USD
Taking everything into account, SKM scores 7 out of 10 in our technical rating. Although SKM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SKM is part of the Wireless Telecommunication Services industry. There are 21 other stocks in this industry, of which 65% are performing better than SKM.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, SKM outperforms 50% 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.
In the last month SKM has a been trading in a tight range between 21.81 and 22.74.
Besides having an excellent technical rating, SKM 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 22.61, a Stop Loss order could be placed below this zone.
More info and screens
19.80
24.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 22.17 to 22.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.75 to 21.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.15 from a horizontal line 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.
When analyzing the resistance we notice 2 important areas.
- 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 | 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 | 50.57 | 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 | MIXED | The current price of SKM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.03 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SKM has a positive trend. |
| Stochastics (14,3) | 70.25 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 10.1 | 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)
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 |
|---|---|---|---|
| 23.19 | 22.16 | 1.03 (4.44%) | 22.51% |
| An entry @23.19. This is a Buy Stop order right above the resistance zone. | An exit @22.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 4.44%. | When investing 22.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.66
+0.26 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg1.16%
1 Week2.58%
2 Weeks1.93%
1 Month1.34%
3 Month8.99%
6 Month7.14%
12 Month0.35%
2 Year12.85%
3 Year6.14%
5 Year-40.08%
10 Year-39.47%
15 Year-14.08%
Volatility
ATR(14)0.28
ATR(20)%1.25%
ATR Inc-3.8%
Range Today0.31
ADR(20)0.23
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.57
Mansfield-0.66
10 Day High22.69
10 Day Low21.81
20 Day High22.74
20 Day Low21.81
52 Week High24.58
52 Week Low19.84
CS1 End22.61
CR1 Start23.18
Volume & EV
DER(3)-0.05%
DER(5)-1.41%
Volume360.70K
Volume Incr-18.96%
Vol(5)317.94K
Vol(50)453.28K