SKM - SK Telecom Co Ltd

Industry: Wireless Communications Sector: Technology Exchange: NYSE

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.90%
PRICE $26.81
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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SK Telecom Co Ltd Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-17
Shorts 1.48% ( 2018-09-28 )
Cash 1 873.9 mill
Loans 6 467.6 mill
Beta 0.43
ROA 8.95

SK Telecom Co Ltd gained 0.90% in the last trading day, rising from $26.57 to $26.81 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days , but is still down by -0.7% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 179 643 more shares were traded than the day before. In total, 431 103 shares bought and sold for approximately $11.56 million.

Trend

SK Telecom Co Ltd lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $26.43 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.51% during the next 3 months and, with 90% probability hold a price between $30.26 and $32.94 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. SK Telecom Co Ltd holds buy signals from both short- and long-term moving averages, 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 $26.73 and $26.81. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 11, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 47 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

SK Telecom Co Ltd finds support from accumulated volume at $25.81.

Support: $25.81 Price: $26.81 Resistance: $27.22

Risk

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 $0.20 (0.77%) between high and low. For the last week, the stock has had a daily average volatility of 1.13%.

Our recommended stoploss: $25.33 (-5.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

SK Telecom Co Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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SKM $26.81 $0.24(0.90%)
SKM is up $0.24 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for SKM based on the 1-3 month system that more than doubles the S&P 500.

Click here – the SKM analysis is free »

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