TEO Technical Analysis - TELECOM ARGENTINA SA-SP ADR

Technical Rating and Analysis

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

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, TEO is a bad performer in the overall market: 89% of all stocks are doing better.

TEO is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 77% of 36 stocks in the same industry do better.

TEO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month TEO has a been trading in the 6.95 - 10.19 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELECOM ARGENTINA SA-SP ADR / TEO Weekly stock chart

TELECOM ARGENTINA SA-SP ADR / TEO Daily stock chart

Setup Rating and Analysis

The technical rating of TEO is bad and it also does not present a quality setup 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

7.05

11.80

4 important resistance areas can be observed.

Resistance @9.43 from a trend line in the weekly time frame.
Resistance @10.06 from a trend line in the daily time frame.
Resistance @10.45 from a trend line in the daily time frame.
Resistance @11.68 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for TEO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TEO is down.
ChartMill Relative Strength	11.14	NEGATIVE	TEO has a low relative strength, it was outperformed by 88.86% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TEO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TEO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TEO is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.11	NEUTRAL	The RSI value for TEO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.17	NEGATIVE	The MACD value suggests TEO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.22	OVERSOLD	The low Stochastics value suggests TEO may be oversold.
Average True Range in percent/ATR (20)	7.38	HIGH VOLATILITY	The high ATR as a percentage value for TEO suggests high volalility.
Average Directional Index/ADX (14)	24.12	NEUTRAL	The ADX value for TEO suggests a possible start of a new trend.