SK hynix (000660.KS) Falls About 7 Percent, Short-Term Downtrend Meets Long-Term Uptrend

SK hynix (000660.KS) fell about 7 percent to near 1,598,000 won on the latest trading day, according to Yahoo Finance, after appearing in the Yahoo Finance day-loser screener market-mover data. The pullback follows a violent round trip that took the stock from 2,497,000 won down to 1,246,000 won and then back up to 1,718,000 won within a month, based on Yahoo Finance chart data. The chart now sits below its 20-day and 50-day averages but above its 200-day average, leaving a short-term downtrend running inside a longer-term uptrend.

Why This Setup Matters Now

000660.KS entered the technical-analysis queue because it showed up in the Yahoo Finance day-loser screener with a sharp single-session decline of roughly 7 percent. The move matters because it came right after a two-session rebound attempt, meaning the stock is now testing whether that bounce holds or fails. A semiconductor bellwether with this much daily range tends to set the tone for the broader chip complex, so the resolution of this test has follow-on significance.

The snapshot below is based on Yahoo Finance quote data.

Field	Value
Ticker	000660.KS (SK hynix Inc.)
Exchange	Korea Exchange (KSE)
Last price	about 1,598,000 KRW
Day change	about -7 percent
Day range	1,563,000 - 1,645,000 KRW
52-week high	2,987,000 KRW
52-week low	245,000 KRW

Quick Read

The short-term setup can be summarized as follows, using Yahoo Finance chart data.

Question	Quick read
Primary trend	Below 20-day and 50-day averages
Longer trend	Above 200-day average
Momentum	RSI near 44, neutral
Volume	Last session below 20-day average
Key support	1,550,000 KRW watch area
Key resistance	1,718,000 KRW rebound high

Technical Bias

The scorecard below is derived from Yahoo Finance chart data.

Signal	Reading	Lean
Price vs 20-day average	1,598,000 vs 1,859,000	Bearish
Price vs 50-day average	1,598,000 vs 2,165,000	Bearish
Price vs 200-day average	1,598,000 vs 1,181,000	Bullish
RSI (14)	About 44	Neutral
Volume trend	Below average	Neutral

Overall bias is bearish in the near term, with the longer-term structure still intact above the 200-day average.

Key Levels To Watch

The levels below are derived zones from recent price action in Yahoo Finance chart data; they are approximate zones, not confirmed historical support.

Type	Level	Note
Resistance	1,718,000	Rebound high of 07-31
Resistance	1,859,000	20-day average zone
Support	1,550,000	Watch area near 07-28 close
Support	1,400,000 - 1,460,000	Round-number derived zone
Support	1,246,000	Swing low of 07-29

Scenario Map

The scenario map below is based on the derived levels above and Yahoo Finance chart data.

Scenario	Trigger	Outcome
Bullish	Hold 1,550,000, reclaim 1,718,000	Retest 1,859,000 area
Base	Range between 1,550,000 and 1,718,000	Sideways digestion
Bearish	Close below 1,550,000	Next support 1,400,000 - 1,460,000
Deep	Break 1,246,000 swing low	Fresh leg lower

Momentum And Volume Check

Momentum and volume figures are computed from Yahoo Finance chart data. Volume on the pullback session was lighter than the 20-day average, which can be read as a lack of aggressive selling pressure but also as thin participation.

Measure	Value	Read
RSI (14)	About 44	Neutral, no extreme
20-day average volume	About 6.5M shares	Baseline
Last session volume	About 2.7M shares	Light participation
Last 5 closes	Down on 4 of 5 sessions	Negative drift

What Would Change The View

The checklist below turns the levels into actionable triggers, sourced from Yahoo Finance chart data.

Signal	Reading
Confirms bearish	Close below 1,550,000 watch area
Turns neutral	Hold 1,550,000 to 1,718,000 range
Flips bullish	Reclaim 1,718,000 rebound high
Invalidates bearish	Close above 1,859,000 area

Bottom Line

Bottom line: 000660.KS remains short-term bearish as long as it trades below the 1,718,000 won rebound high. A move above 1,718,000 won would strengthen the setup, while a break below 1,550,000 won would weaken the chart.

Summary

• SK hynix (000660.KS) fell about 7 percent to near 1,598,000 won after failing to extend a late-July rebound, based on Yahoo Finance data.
• Price sits below the 20-day and 50-day averages but above the 200-day average.
• RSI near 44 leaves room in both directions without an overbought or oversold signal.
• Key support is the 1,550,000 won watch area, with 1,246,000 won as the deeper swing low.
• The view flips bullish only on a close back above 1,718,000 won.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Technical indicators can help frame risk and momentum, but they do not guarantee future price movement.