TEO Technical Analysis - TELECOM ARGENTINA SA-SP ADR

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TEO. TEO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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

84% of all other stocks performed better in the past year than TEO.

TEO is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, of which 65% are performing better than TEO.

TEO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month TEO has a been trading in the 6.43 - 8.61 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.

Volume is considerably higher in the last couple of days.

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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

TEO has a poor technical rating and the quality of the setup is also not perfect 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

6.66

11.80

We found 1 important support area.

Support @6.73 from a horizontal line in the weekly time frame.

5 important resistance areas can be observed.

Resistance @7.61 from a horizontal line in the daily time frame.
Resistance @9.03 from a trend line in the weekly time frame.
Resistance @9.72 from a trend line in the daily time frame.
Resistance @10.28 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	16.78	NEGATIVE	TEO has a low relative strength, it was outperformed by 83.22% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of TEO is above 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)	44.98	NEUTRAL	The RSI value for TEO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests TEO has a positive trend.
Stochastics (14,3)	54.09	NEUTRAL	The Stochastics value for TEO is a neutral value.
Average True Range in percent/ATR (20)	6.29	HIGH VOLATILITY	The high ATR as a percentage value for TEO suggests high volalility.
Average Directional Index/ADX (14)	23.62	NEUTRAL	The ADX value for TEO suggests a possible start of a new trend.