TE CONNECTIVITY PLC (TEL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TEL - IE000IVNQZ81 - Common Stock
Taking everything into account, TEL scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TEL did better than 86% of all other stocks.
- TEL is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. TEL outperforms 73% of them.
- 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 221.25 - 243.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- TEL has an average volume of 1930390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although TEL has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
212.33
We found 3 important support areas.
- A support zone ranging from 230.54 to 233.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 218.92 to 222.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 214.47 to 214.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | 86.77 | POSITIVE | TEL has a high relative strength, it outperformed 86.77% 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) | DOWN | MIXED | The current price of TEL is above a declining 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) | 49.86 | NEUTRAL | The RSI value for TEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests TEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.27 | OVERBOUGHT | The high Stochastics value suggests TEL may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TEL suggests some volalility. |
| Average Directional Index/ADX (14) | 10.56 | NEGATIVE | The low ADX value for TEL suggests a weak or negative trend. |
233.27
-7.74 (-3.21%)
TE CONNECTIVITY PLC / TEL FAQ
Can you provide the ChartMill technical rating for TE CONNECTIVITY PLC?
ChartMill assigns a technical rating of 7 / 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 49.8563. 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 233.05 and a resistance level at 247.02. Check the full technical report for our detailed analysis of TEL support and resistance levels.