TELECOM ITALIA S P A NEW (TI) Stock Technical Analysis
USA - NYSE:TI -
5.63
+0.02 (+0.36%)
Overall TI gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TI was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than TI.
TI 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.
TI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
TI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.93. Right above this resistance zone may be a good entry point.
More info and screens
4.81
6.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.55 to 5.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.86 to 4.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.93 to 5.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.29 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TI is up. |
| ChartMill Relative Strength | 20.4 | NEGATIVE | TI has a low relative strength, it was outperformed by 79.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.61 | NEUTRAL | The RSI value for TI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TI has a positive trend. |
| Stochastics (14,3) | 68.28 | NEUTRAL | The Stochastics value for TI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TI suggests some volalility. |
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)
NYSE:TI (7/5/2019, 8:04:52 PM)
5.63
+0.02 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.36%
1 Week2.36%
2 Weeks1.44%
1 Month12.6%
3 Month-6.48%
6 Month-0.18%
12 Month-26.21%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.87%
ATR Inc-40.11%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.4
Mansfield-1.18
10 Day High5.78
10 Day Low5.19
20 Day High5.78
20 Day Low5.02
52 Week High7.75
52 Week Low4.87
CS1 End5.59
CR1 Start5.93
Volume & EV
DER(3)-3.73%
DER(5)-1.67%
Volume83.40K
Volume Incr-75.3%
Vol(5)111.22K
Vol(50)296.76K