SK Telecom Co.,Ltd Stock Forecast
SK Telecom Co.,Ltd stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The SK Telecom Co.,Ltd stock price fell by -0.392% on the last day (Friday, 3rd May 2024) from ₩51,000.00 to ₩50,800.00. During the last trading day the stock fluctuated 0.789% from a day low at ₩50,700.00 to a day high of ₩51,100.00. The price has fallen in 6 of the last 10 days but is still up by 0.2% over the past 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 325 thousand shares were bought and sold for approximately ₩16.52 billion.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.32% during the next 3 months and, with a 90% probability hold a price between ₩48,745.38 and ₩52,314.73 at the end of this 3-month period.
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017670.KS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩51,100.00 and ₩51,897.14. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SK Telecom Co.,Ltd stock
SK Telecom Co.,Ltd finds support from accumulated volume at ₩50,700.00 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 ₩400.00 between high and low, or 0.789%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: ₩48,456.79 (-4.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (017670.KS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SK Telecom Co.,Ltd to open at ₩50,866.67, and during the day (based on 14 day Average True Range), to move between ₩50,101.11 and ₩51,498.89, which gives a possible trading interval of +/-₩698.89 (+/-1.38%) 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 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₩50,700.00 (0.20%) than the resistance at ₩51,000.00 (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SK Telecom Co.,Ltd will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1,510.45. We will update the financials statements for SK Telecom Co.,Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.87% in the first trading day after earnings release.
Is SK Telecom Co.,Ltd stock A Buy?
SK Telecom Co.,Ltd 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: 0.376 Hold/Accumulate Upgraded
Predicted Opening Price for SK Telecom Co.,Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₩50,866.67 ( 0.131%) | ₩50,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 017670.KS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51,266.67 | 0.92 % | |
| R2 | 51,113.87 | 0.618 % | ||
| R1 | 51,019.47 | 0.432 % | ||
| Current price: | 50,800.00 | |||
| Support | S1 | 50,713.87 | -0.170 % | |
| S2 | 50,619.47 | -0.355 % | ||
| S3 | 50,466.67 | -0.656 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53,200.00 | 4.72 % | |
| R2 | 53,100.00 | 4.53 % | ||
| R1 | 51,000.00 | 0.394 % | ||
| Current price | 50,800.00 | |||
| Support | S1 | 50,700.00 | -0.197% | |
| S2 | 50,500.00 | -0.591% | ||
| S3 | 50,400.00 | -0.787% |
017670 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 10, 2024 | ₩830.00 | 1.63% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Apr 29, 2024 | ₩830.00 | 1.62% |
| 3 | Sep 26, 2023 | Sep 26, 2023 | Nov 14, 2023 | ₩830.00 | 1.62% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩830.00 | 1.79% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ₩830.00 | 1.74% |
FAQ
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