TELECOM ARGENTINA SA-SP ADR (TEO) Stock Technical Analysis
NYSE:TEO • US8792732096
Taking everything into account, TEO scores 1 out of 10 in our technical rating. TEO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 73% of all other stocks performed better in the past year than TEO.
- TEO is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 75% of 37 stocks in the same industry do better.
- In the last month TEO has a been trading in the 10.93 - 13.81 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- TEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TEO is lagging the market.
TEO 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.
More info and screens
6.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.79 to 10.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.47 to 11.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.46 from a trend line in the weekly time frame.
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 TEO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEO is down. |
| ChartMill Relative Strength | 27.81 | NEGATIVE | TEO has a low relative strength, it was outperformed by 72.19% 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) | UP | POSITIVE | The current price of TEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.12 | NEUTRAL | The RSI value for TEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TEO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.91 | OVERSOLD | The low Stochastics value suggests TEO may be oversold. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for TEO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.2 | NEUTRAL | The ADX value for TEO suggests a possible start of a new trend. |
11.46
+0.11 (+0.97%)
TELECOM ARGENTINA SA-SP ADR / TEO FAQ
What is the ChartMill technical rating of TELECOM ARGENTINA SA-SP ADR (TEO) stock?
ChartMill assigns a technical rating of 1 / 10 to TEO.
What is the trend direction for TEO stock?
The current trend direction for TELECOM ARGENTINA SA-SP ADR (TEO) is Bearish.
Can you provide the RSI signal for TELECOM ARGENTINA SA-SP ADR?
TELECOM ARGENTINA SA-SP ADR (TEO) has an RSI value of 45.1249. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TELECOM ARGENTINA SA-SP ADR?
The short term momentum for TELECOM ARGENTINA SA-SP ADR (TEO) is negative.
What is the support and resistance level for TEO stock?
TELECOM ARGENTINA SA-SP ADR (TEO) has a support level at 10.92 and a resistance level at 11.47. Check the full technical report for our detailed analysis of TEO support and resistance levels.