SK Telecom Co Ltd Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||1.29% ( 2018-11-15 )|
|Cash||1 873.9 mill|
|Loans||6 467.6 mill|
SK Telecom Co Ltd fell by -0.97% in the last day from $27.90 to $27.63 The price has risen in 5 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased in the last day by 209 401 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 904 828 shares bought and sold for approximately $25.00 million.
Given the current horizontal trend you can expect SK Telecom Co Ltd with 90% probability to be traded between $25.98 and $28.68 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday November 30, 2018, which indicates further falls 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. SK Telecom Co Ltd holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $27.83. On a fall, the stock will find some support from the long-term average at approximately $26.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
SK Telecom Co Ltd finds support from accumulated volume at $27.47.
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 $0.48 (1.75%) between high and low. For the last week, the stock has had a daily average volatility of 1.46%.
Our recommended stoploss: $26.57 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 7 days ago.)
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SK Telecom Co Ltd holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|SKM $27.63 $-0.27(-0.97%)|
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