Chips · Stock report · SK hynix (KRX: 000660.KS)
SK hynix — ranks 85th of 86 chip stocks over one month as it slips under its 200-day average
The Closelooknet read
SK hynix (KRX: 000660.KS) is near the bottom of our chip section: it ranks 85th of 86 stocks by one-month move, with a fall of 19.5%. Our money-flow reading (a gauge of net buying pressure) stands at 137.4, labelled warm and still positive but slowing, and it has weakened over the past 21 sessions. Our momentum score is 34. On 13 October the stock closed at KRW 1,443,000, just under the average close of the last 200 sessions at KRW 1,445,230. We watch whether it can close back above KRW 1,445,230, or whether the slide continues from here.
Where SK hynix stands among our chip stocks
SK hynix's one-month move ranks 85th of the 86 stocks in our chip section. Its Seoul memory peer Samsung Electronics (KRX: 005930.KS) fell 13.91% over the month and sits 36% below its 18 June high. Micron Technology (NASDAQ: MU) rose 3.16% over the month and sits 21.46% below its 25 June high. SK hynix is 50.57% below its 22 June closing high of KRW 2,919,000.
Our money-flow and quality readings
Our money-flow reading for SK hynix is 137.4. It is labelled warm, our label for the strength of net buying, and still positive but slowing. It fell 10.8 points over five sessions and has also weakened over 21. Our momentum score is 34. The composite and the Piotroski score are not available, since only one scoring module is in place.
Price trend
SK hynix fell 10.1% on 13 October, opened 4.2% lower than the prior close, and closed at KRW 1,443,000 (about $1,077). That is 0.15% below the average close of the last 200 sessions, KRW 1,445,230, a downward cross on the day. It is 13.7% below its 50-day average of KRW 1,672,120. The stock is down 30.5% over three months, yet up 121.7% this year and 303.6% over one year.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.