SK Telecom Co Ltd Forecast and Stock Analysis
Technical SKM stock analysis for February 15, 2019.
|Shorts||1.43% ( 2019-01-31 )|
SK Telecom Co Ltd gained 0.31% in the last trading day, rising from $25.42 to $25.50 The price has been going up and down for this period, and there has been a 0.95% gain for the last 2 weeks. Volume fell in the last day by -16 162 shares, and in total, 453 203 shares bought and sold for approximately $11.56 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SKM stock was $25.50. This is 0.31% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.08% from a day low at $25.00 to a day high of $25.52.
30 day high of the SKM stock price was $27.03 and low was $25.00.
90 day high was $28.56 and low was $25.00.
52 week high for the SK Telecom Co Ltd - $28.56 and low - $22.66.
SK Telecom Co Ltd 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 -8.18% during the next 3 months and, with 90% probability hold a price between $22.81 and $24.25 at the end of this period.
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. SK Telecom Co Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $25.52 and $26.28. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 08, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
SK Telecom Co Ltd finds support from accumulated volume at $25.45.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.52 (2.08%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.
SK Telecom Co Ltd is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
SK Telecom Co Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.