USA - NYSE:TEO - US8792732096 - ADR
We assign a technical rating of 7 out of 10 to TEO. In the last year, TEO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although TEO has an excellent technical rating, it does not present a decent entry opportunity 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.
6.77
3 important support areas can be observed.
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 | UP | POSITIVE | The short term trend for TEO is up. |
| ChartMill Relative Strength | 79.19 | POSITIVE | TEO has a high relative strength, it outperformed 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TEO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.85 | OVERBOUGHT | The high RSI value suggests TEO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TEO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.34 | OVERBOUGHT | The high Stochastics value suggests TEO may be overbought. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for TEO suggests high volalility. |
| Average Directional Index/ADX (14) | 36.88 | POSITIVE | The high ADX value value for TEO suggests a strong trend. |
12.23
-0.18 (-1.45%)
ChartMill assigns a technical rating of 7 / 10 to TEO.
The current trend direction for TELECOM ARGENTINA SA-SP ADR (TEO) is Bearish.
TELECOM ARGENTINA SA-SP ADR (TEO) has an RSI value of 77.8474. This indicates that the stock is currently overbought.
The MACD indicator for TELECOM ARGENTINA SA-SP ADR (TEO) has a value of 0.384591, indicating a bearish trend.