TELECOM ARGENTINA SA-SP ADR (TEO) Stock Technical Analysis
NYSE:TEO - New York Stock Exchange, Inc. - US8792732096 - ADR - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TEO is a bad performer in the overall market: 79% of all stocks are doing better.
TEO is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 64% of 32 stocks in the same industry do better.
In the last month TEO has a been trading in the 8.38 - 9.96 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.
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 bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
7.07
11.80
We found 1 important support area.
- Support @7.14 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 8.67 to 8.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.99 to 9.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.31 from a trend line in the daily time frame.
- Resistance @11.31 from a horizontal line in the daily time frame.
- Resistance @11.68 from a horizontal line in the daily 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 | 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 | 21.99 | NEGATIVE | TEO has a low relative strength, it was outperformed by 78.01% 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) | 36.35 | NEUTRAL | The RSI value for TEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TEO has a negative trend. |
| Stochastics (14,3) | 12.8 | OVERSOLD | The low Stochastics value suggests TEO may be oversold. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TEO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for TEO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.47
-0.16 (-1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-1.85%
1 Week-6.41%
2 Weeks-3.42%
1 Month-11.68%
3 Month-23.49%
6 Month-38.27%
12 Month18.13%
2 Year35.09%
3 Year90.34%
5 Year-2.87%
10 Year-47.1%
15 Year-53.59%
Volatility
ATR(14)0.38
ATR(20)%4.49%
ATR Inc-20.45%
Range Today0.32
ADR(20)0.37
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.99
Mansfield-2.23
10 Day High9.16
10 Day Low8.38
20 Day High9.96
20 Day Low8.38
52 Week High15.54
52 Week Low5.52
CS1 End7.14
CR1 Start8.67
Volume & EV
DER(3)-4.84%
DER(5)-3.92%
Volume244.80K
Volume Incr5.8%
Vol(5)215.22K
Vol(50)205.44K