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SK Telecom Co.,Ltd (017670.KS) Evolution Beyond 5G

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.

We invite you to try out any MetaStock product (including Add-Ons) for 30 days. If you are not convinced that it helps you make more accurate, educated trading decisions, just return it to us within the 30 days for a refund of the purchase price. It’s that simple. This policy does not apply to subscriptions.

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.

Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Trading commodities or any other financial instrument may not be suitable for all traders. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. We accept no liability for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.

Sources:
SK Telecom Company Website
Thomson Reuters Metastock and Eikon financial tools

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