TELECOM ARGENTINA SA-SP ADR (TEO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TEO - US8792732096 - ADR
Overall TEO gets a technical rating of 3 out of 10. In the last year, TEO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month TEO has a been trading in the 10.65 - 11.91 range, which is quite wide. It is currently trading near the lows of this range.
- TEO is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 72% of 37 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that TEO is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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.
Although the technical rating is bad, TEO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.06, a Stop Loss order could be placed below this zone.
More info and screens
6.93
2 important support areas can be observed.
- A support zone ranging from 10.79 to 11.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.00 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.55 to 11.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.88 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 | UP | POSITIVE | The long term trend for TEO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEO is down. |
| ChartMill Relative Strength | 79.76 | POSITIVE | TEO has a high relative strength, it outperformed 79.76% 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) | 44.86 | NEUTRAL | The RSI value for TEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TEO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.82 | NEUTRAL | The Stochastics value for TEO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TEO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for TEO suggests a weak or negative trend. |
11.1
+0.17 (+1.56%)
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 3 / 10 to TEO.
What is the trend direction for TEO stock?
The current trend direction for TELECOM ARGENTINA SA-SP ADR (TEO) is Bullish.
Can you provide the RSI signal for TELECOM ARGENTINA SA-SP ADR?
TELECOM ARGENTINA SA-SP ADR (TEO) has an RSI value of 44.859. 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 11.06 and a resistance level at 11.55. Check the full technical report for our detailed analysis of TEO support and resistance levels.