TEF Technical Analysis - TELEFONICA SA-SPON ADR

Technical Rating and Analysis

Overall TEF gets a technical rating of 0 out of 10. TEF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, TEF is a bad performer in the overall market: 62% of all stocks are doing better.

TEF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

TEF is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, TEF did better than 57% of them.

TEF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TEF is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELEFONICA SA-SPON ADR / TEF Weekly stock chart

TELEFONICA SA-SPON ADR / TEF Daily stock chart

Setup Rating and Analysis

TEF has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.83

5.14

When analyzing the support we can see 2 important areas.

A support zone ranging from 5.00 to 5.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.87 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 5.04 to 5.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for TEF is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TEF is down.
ChartMill Relative Strength	38.5	NEUTRAL	TEF is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TEF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TEF is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TEF is above the rising SMA(200).
Relative Strength Index/RSI (14)	31.96	NEUTRAL	The RSI value for TEF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests TEF has a negative trend, although the MACD value is rising.
Stochastics (14,3)	20	NEUTRAL	The Stochastics value for TEF is a neutral value.
Average True Range in percent/ATR (20)	1.39	LOW VOLATILITY	The low ATR as a percentage value for TEF suggests low volalility.
Average Directional Index/ADX (14)	28.89	POSITIVE	The high ADX value value for TEF suggests a strong trend.