SKM Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Not a good buy right now for an impatient investor. SKM is in a strong uptrend, but it’s extremely overbought (RSI_6 94.6) and already pushing into the upper resistance zone (29.16). With no proprietary buy signals today, weak latest-quarter fundamentals, and a statistical bias toward mild weakness over the next month (-1.66%), the risk/reward at 28.16 is unfavorable for an immediate entry. Best stance at this price is HOLD/avoid new buying until a pullback toward support.
Trend is clearly bullish: SMA_5 > SMA_20 > SMA_200 and MACD histogram (+0.663) is positive and expanding, signaling strong upward momentum. However, RSI_6 at ~94.6 is an extreme overbought reading, which often precedes short-term digestion/pullbacks even in bull trends. Price is above R1 (27.437) and approaching R2 (29.162); this is a logical area where upside may slow. Key levels: near-term support ~27.44 (R1 now acting as support), then pivot ~24.64; resistance ~29.16.
Intellectia Proprietary Trading Signals
Strong technical momentum (bullish MAs + expanding MACD) can continue to attract trend-following buyers.
Upcoming earnings catalyst: QDec 2025 earnings on 2026-02-11 (pre-market) could reset expectations if results/guide improve.
Options open interest skew is mildly bullish (more calls than puts by OI).
Extremely overbought RSI increases the odds of a near-term pullback from current levels.
Latest quarter shows material deterioration (revenue down YoY and profitability flipped negative), which can cap valuation/momentum.
No recent news flow to justify the sharp push higher; rallies without fresh catalysts can fade.
High absolute implied volatility suggests the market is pricing in sizable move risk.
Latest reported quarter: 2025/Q3. Revenue fell to ~2.87B (-14.31% YoY). Net income dropped to about -117.7M (down -160.34% YoY) and EPS to -0.55 (down -160.44% YoY), indicating a shift into losses versus the prior year period. Gross margin slipped to ~74.55 (-2.63% YoY). Overall: top-line contraction and profitability weakening—fundamentals are currently a headwind versus the bullish price action.
No analyst rating / price target change data was provided, so a true trend read on upgrades/downgrades isn’t available here. Wall Street-style framing based on available info: Pros—defensive telecom profile and potential earnings-event catalyst ahead. Cons—recent YoY revenue decline and negative earnings/EPS in the latest quarter make it harder to justify chasing strength at an overbought technical level.
