SK Telecom Co.,Ltd (017670.KS) $017670 Evolution Beyond 5G
SK Telecom
Ticker: 017670.KS
Price: KRW 206,500
South Korea’s SK telecom (017670.KS) has invested $20 million in Nanox, enabling the Israeli medical imaging company to close a $51 million funding round.
This investment brings to $80 million the amount raised from strategic partners Foxconn, FujiFilm and others.
In addition, the company and SK are collaborating to extend accessibility to medical imaging by deploying 2,500 Nanox Systems in South Korea and Vietnam in 2021. The deployment is subject to obtaining regulatory clearances.
Nanox also intends to establish a South Korean subsidiary.
The company’s product is composed of a digital X-ray device and cloud-based software designed to supply an end-to-end medical imaging service.
It is meant to promote early detection of medical conditions that are discoverable by X-ray, CT, mammography, fluoroscopy and angiogram. The company has said it believes its technology can enable it to build imaging systems at lower prices than existing systems.
Business Summary
SK TELECOM CO., LTD is a Korea-based company engaged in the provision of wireless communication services.
Together with its subsidiaries, the Company operates the business through three segments.
The Wireless Communication Business segment provides mobile phones, wireless data, information communication business.
The Wireline Communication Business segment offers telephones, high speed Internet, data and network rental services.
The Other segment is involved in the information communication, electronic banking, advertising, Internet portal services, manpower and machine security, and information protection business.
Shayne Heffernan Trade Idea
“Our current price target of SK Telecom will come in around KRW 294,227.27 which will give the stock a price increase of +42.14%.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Sideways.
The projected upper bound is: 218,019.25.
The projected lower bound is: 196,500.75.
The projected closing price is: 207,260.00.
Candlesticks
During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 21 black candles for a net of 6 white candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.0000. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.56. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 13 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -57. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
SK TELECOM closed up 500.000 at 207,000.000. Volume was 30% below average (neutral) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume 207,000.000 208,500.000 205,000.000 207,000.000 225,424
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish
Moving Averages: 10-period 50-period 200-period Close: 208,450.00 209,760.00 223,350.00 Volatility: 38 33 29 Volume: 323,312 298,180 238,009
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
SK TELECOM is currently 7.3% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of 017670.KS at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 017670.KS and have had this outlook for the last 7 periods.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the Korean Stock Market.
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Sources:
SK Telecom Company Website
Thomson Reuters Metastock and Eikon financial tools
