SK Telecom Co.,Ltd Stock Forecast
Red day on Friday for SK Telecom Co.,Ltd
(Updated on May 24, 2024)
The SK Telecom Co.,Ltd stock price fell by -0.193% on the last day (Friday, 24th May 2024) from ₩51,900.00 to ₩51,800.00. During the last trading day the stock fluctuated 1.17% from a day low at ₩51,300.00 to a day high of ₩51,900.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 99 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, 317 thousand shares were bought and sold for approximately ₩16.40 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 -2.84% during the next 3 months and, with a 90% probability hold a price between ₩48,122.81 and ₩51,125.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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017670.KS Signals & Forecast
The SK Telecom Co.,Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₩51,942.86. On a fall, the stock will find some support from the long-term average at approximately ₩51,422.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.89%. Further fall is indicated until a new bottom pivot has been found. 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 ₩51,300.00 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 ₩600.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: ₩50,310.36 (-2.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (017670.KS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect SK Telecom Co.,Ltd to open at ₩51,666.67, and during the day (based on 14 day Average True Range), to move between ₩51,156.24 and ₩52,443.76, which gives a possible trading interval of +/-₩643.76 (+/-1.24%) 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 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩52,000.00 (0.39%) than the support at ₩51,300.00 (0.97%), 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?
SK Telecom Co.,Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.133 Hold/Accumulate Unchanged
Predicted Opening Price for SK Telecom Co.,Ltd of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₩51,666.67 ( 0.257%) | ₩51,800.00 |
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 | 52,266.67 | 0.90 % | |
| R2 | 52,037.47 | 0.458 % | ||
| R1 | 51,895.87 | 0.185 % | ||
| Current price: | 51,800.00 | |||
| Support | S1 | 51,437.47 | -0.700 % | |
| S2 | 51,295.87 | -0.97 % | ||
| S3 | 51,066.67 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54,000.00 | 4.25 % | |
| R2 | 53,200.00 | 2.70 % | ||
| R1 | 52,000.00 | 0.386 % | ||
| Current price | 51,800.00 | |||
| Support | S1 | 51,300.00 | -0.97% | |
| S2 | 51,200.00 | -1.16% | ||
| S3 | 51,000.00 | -1.54% |
017670 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 10, 2024 | ₩830.00 | 1.58% |
| 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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