SK TELECOM CO LTD-SPON ADR (SKM) Stock Technical Analysis
NYSE:SKM - US78440P3064 - ADR
21.54 USD
-0.61 (-2.75%)
21.54 USD
0 (0%)
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.
When comparing the yearly performance of all stocks, SKM is a bad performer in the overall market: 71% of all stocks are doing better.
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 term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 21.43 and 22.68.
The technical rating of SKM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.80
24.71
When analyzing the support we can see 3 important areas.
- 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 3 important areas.
- A resistance zone ranging from 21.75 to 22.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for SKM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKM is down. |
| ChartMill Relative Strength | 29.95 | NEGATIVE | SKM has a low relative strength, it was outperformed by 70.05% 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) | DOWN | NEGATIVE | The current price of SKM is below 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) | 37.91 | NEUTRAL | The RSI value for SKM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SKM has a negative trend. |
| Stochastics (14,3) | 23.91 | NEUTRAL | The Stochastics value for SKM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for SKM suggests low volalility. |
| Average Directional Index/ADX (14) | 11.86 | 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)
21.54
-0.61 (-2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-2.75%
1 Week-3.23%
2 Weeks-4.48%
1 Month-2.49%
3 Month4.87%
6 Month-1.6%
12 Month-6.47%
2 Year7.27%
3 Year0.89%
5 Year-43.04%
10 Year-42.47%
15 Year-18.33%
Volatility
ATR(14)0.26
ATR(20)%1.24%
ATR Inc118.33%
Range Today0.23
ADR(20)0.2
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.95
Mansfield-1.14
10 Day High22.5
10 Day Low21.43
20 Day High22.69
20 Day Low21.43
52 Week High24.58
52 Week Low19.84
CS1 End21.15
CR1 Start21.75
Volume & EV
DER(3)-0.73%
DER(5)-1.97%
Volume346.80K
Volume Incr-11.03%
Vol(5)295.80K
Vol(50)404.72K