TE CONNECTIVITY PLC (TEL) Stock Technical Analysis
NYSE:TEL • IE000IVNQZ81
Overall TEL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TEL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that TEL is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by TEL over the past year are nicely spread over this period.
- TEL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TEL is lagging the market slightly.
- In the last month TEL has a been trading in the 206.84 - 240.69 range, which is quite wide. It is currently trading near the high of this range.
- TEL has an average volume of 2112660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TEL is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 57% of 122 stocks in the same industry.
Besides having an excellent technical rating, TEL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 235.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 230.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TEL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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202.51
We found 3 important support areas.
- A support zone ranging from 226.29 to 230.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 208.68 to 215.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @204.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @235.44 from a trend line in the daily time frame.
- A resistance zone ranging from 247.02 to 249.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for TEL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEL is neutral. |
| ChartMill Relative Strength | 84.19 | POSITIVE | TEL has a high relative strength, it outperformed 84.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for TEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.63 | POSITIVE | The MACD value suggests TEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.98 | OVERBOUGHT | The high Stochastics value suggests TEL may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for TEL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.04 | NEGATIVE | The low ADX value for TEL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 235.45 | 226.28 | 9.17 (3.89%) | 25.00% |
| An entry @235.45. This is a Buy Stop order right above the resistance zone. | An exit @226.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.17 points, which is 3.89%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TEL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
234.73
+2.33 (+1%)
TE CONNECTIVITY PLC / TEL FAQ
Can you provide the ChartMill technical rating for TE CONNECTIVITY PLC?
ChartMill assigns a technical rating of 9 / 10 to TEL.
What is the trend direction for TEL stock?
The current trend direction for TE CONNECTIVITY PLC (TEL) is Bullish.
Can you provide the RSI signal for TE CONNECTIVITY PLC?
TE CONNECTIVITY PLC (TEL) has an RSI value of 55.5027. This indicates that the stock is currently neutral.
What is the support and resistance level for TEL stock?
TE CONNECTIVITY PLC (TEL) has a support level at 230.2 and a resistance level at 235.44. Check the full technical report for our detailed analysis of TEL support and resistance levels.