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AI Analysis of 000660.KS
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SK hynix Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)

Hold candidate since May 10, 2024 PDF

The SK hynix Inc. stock price gained 2.57% on the last trading day (Friday, 10th May 2024), rising from ₩175,400.00 to ₩179,900.00. During the last trading day the stock fluctuated 2.10% from a day low at ₩176,400.00 to a day high of ₩180,100.00. The price has fallen in 7 of the last 10 days but is still up by 0.06% over the past 2 weeks. Volume fell on the last day by -802 thousand shares and in total, 3 million shares were bought and sold for approximately ₩506.18 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.66% during the next 3 months and, with a 90% probability hold a price between ₩207,040.71 and ₩235,478.80 at the end of this 3-month period.

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000660.KS Signals & Forecast

The SK hynix Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₩176,271.43 and ₩177,960.00. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -4.51%. 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).

Support, Risk & Stop-loss for SK hynix Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at ₩170,000.00 and ₩156,500.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SK hynix Inc. finds support just below today's level at ₩170,000.00. If this is broken, then the next support from accumulated volume will be at ₩156,500.00 and ₩148,700.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₩3,700.00 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: ₩173,369.21 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (000660.KS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect SK hynix Inc. to open at ₩178,800.00, and during the day (based on 14 day Average True Range), to move between ₩173,789.02 and ₩186,010.98, which gives a possible trading interval of +/-₩6,110.98 (+/-3.40%) up or down from last closing price. If SK hynix Inc. takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₩181,200.00 (0.72%) than the support at ₩170,000.00 (5.50%), 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 hynix Inc. stock A Buy?

SK hynix Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.887 Hold/Accumulate Upgraded

Predicted Opening Price for SK hynix Inc. of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
₩178,800.00 ( 0.611%) ₩179,900.00

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

Trading levels for 000660.KS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 182,500.00 1.45 %
R2 181,086.60 0.660 %
R1 180,213.40 0.174 %
Current price: 179,900.00
Support S1 177,386.60 -1.40 %
S2 176,513.40 -1.88 %
S3 175,100.00 -2.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 188,400.00 4.72 %
R2 188,000.00 4.50 %
R1 181,200.00 0.723 %
Current price 179,900.00
Support S1 170,000.00 -5.50%
S2 156,500.00 -13.01%
S3 148,700.00 -17.34%

000660 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 May 08, 2024 ₩300.00 0.169%
2 Dec 27, 2023 Dec 27, 2023 Apr 29, 2024 ₩300.00 0.171%
3 Sep 26, 2023 Sep 26, 2023 Nov 14, 2023 ₩300.00 0.231%
4 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 ₩300.00 0.258%
5 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 ₩300.00 0.338%

FAQ

What is the symbol for SK hynix Inc. Stock and on which exchange is it traded?
The symbol for SK hynix Inc. is 000660.KS and it is traded on the KSE (Korea Exchange).

Should I buy or sell SK hynix Inc. Stock?
SK hynix Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy SK hynix Inc. Stock?
SK hynix Inc. 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 hynix Inc. Stock.

What's the current price of SK hynix Inc. Stock?
As of the end of day on the May 10, 2024, the price of an SK hynix Inc. (000660.KS) share was ₩179,900.00.

What is the 52-week high and low for SK hynix Inc. Stock?
The 52-week high for SK hynix Inc. Stock is ₩191,400.00 and the 52-week low is ₩85,000.00.

What is the market capitalization of SK hynix Inc. Stock?
As of the May 10, 2024, the market capitalization of SK hynix Inc. is 123.796T.

When is the next earnings date for SK hynix Inc.?
The upcoming earnings date for SK hynix Inc. is Jul 24, 2024.
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