RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SKM
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Stronger technical forecast for SK Telecom Co Ltd stock price after Thursday trading.
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Loss -0.74% PDF

The SK Telecom Co Ltd stock price fell by -0.737% on the last day (Thursday, 28th Mar 2024) from $21.72 to $21.56. During the last trading day the stock fluctuated 1.18% from a day low at $21.55 to a day high of $21.80. The price has been going up and down for this period, and there has been a -4.26% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 305 thousand shares were bought and sold for approximately $6.59 million.

The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $21.87. A reaction back to this level may hold a second chance to get out before further falls.

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SKM Signals & Forecast

There are few to no technical positive signals at the moment. The SK Telecom Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.98 and $21.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -4.26%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for SK Telecom Co Ltd stock

SK Telecom Co Ltd finds support from accumulated volume at $21.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.255 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SKM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SK Telecom Co Ltd to open at $21.64, and during the day (based on 14 day Average True Range), to move between $21.30 and $21.82, which gives a possible trading interval of +/-$0.256 (+/-1.19%) up or down from last closing price. If SK Telecom Co Ltd takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.72 (0.74%) than the support at $21.20 (1.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is SK Telecom Co Ltd stock A Buy?

The SK Telecom Co Ltd stock holds several negative signals and despite the positive trend, we believe SK Telecom Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.531 Sell Candidate Upgraded

Predicted Opening Price for SK Telecom Co Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$21.64 ( 0.348%) $21.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SKM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.89 1.53 %
R2 21.79 1.08 %
R1 21.73 0.800 %
Current price: 21.56
Support S1 21.54 -0.104 %
S2 21.48 -0.383 %
S3 21.38 -0.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.24 3.15 %
R2 22.13 2.64 %
R1 21.72 0.742 %
Current price 21.56
Support S1 21.20 -1.67%
S2 20.40 -5.38%
S3 20.18 -6.40%

SKM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 28, 2023 Sep 28, 2023 Nov 21, 2023 $0.280 1.25%
2 Jun 09, 2023 Jun 29, 2023 Aug 18, 2023 $0.280 1.44%
3 Mar 07, 2023 Mar 30, 2023 May 17, 2023 $0.280 1.37%
4 Dec 12, 2022 Dec 29, 2022 May 04, 2023 $0.280 1.39%
5 Sep 14, 2022 Sep 29, 2022 Nov 23, 2022 $0.280 1.34%

FAQ

What is the symbol for SK Telecom Co Ltd Stock and on which exchange is it traded?
The symbol for SK Telecom Co Ltd is SKM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell SK Telecom Co Ltd Stock?
The SK Telecom Co Ltd stock holds several negative signals and despite the positive trend, we believe SK Telecom Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy SK Telecom Co Ltd Stock?
SK Telecom Co Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SK Telecom Co Ltd Stock.

What's the current price of SK Telecom Co Ltd Stock?
As of the end of day on the 2024-03-28, the price of an SK Telecom Co Ltd (SKM) share was $21.56.

What is the 52-week high and low for SK Telecom Co Ltd Stock?
The 52-week high for SK Telecom Co Ltd Stock is $22.71 and the 52-week low is $18.52.

What is the market capitalization of SK Telecom Co Ltd Stock?
As of the 2024-03-28, the market capitalization of SK Telecom Co Ltd is 8.097B.
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About SK Telecom Co Ltd

SK Telecom Co Ltd SK Telecom Co., Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, and metaverse platform-based services, as well as sells wireless devices. The Fix... SKM Profile

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