Exploring T-MOBILE US INC's Technical Signals and Breakout Potential.

T-MOBILE US INC (NASDAQ:TMUS) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NASDAQ:TMUS.

Deciphering the Technical Picture of NASDAQ:TMUS

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall TMUS gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TMUS is only an average performer.

• The long and short term trends are both positive. This is looking good!
• TMUS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TMUS is performing more or less in line with the market.
• In the last month TMUS has a been trading in the 136.85 - 148.66 range, which is quite wide. It is currently trading near the high of this range.
• When compared to the yearly performance of all other stocks, TMUS outperforms 68% of them, which is more or less in line with the market.
• TMUS is an average performer in the Wireless Telecommunication Services industry, it outperforms 61% of 22 stocks in the same industry.

For an up to date full technical analysis you can check the technical report of TMUS

Why is NASDAQ:TMUS a setup?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:TMUS currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

TMUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 149.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 143.95, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NASDAQ:TMUS

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.