Overall TIGO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TIGO is showing a nice and steady performance.
Besides having an excellent technical rating, TIGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
31.65
5 important support areas can be observed.
- Support @50.97 from a trend line in the weekly time frame.
- A support zone ranging from 48.93 to 49.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.10 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.80 to 46.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.97 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.16 to 53.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for TIGO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TIGO is neutral. |
| ChartMill Relative Strength | 94.16 | POSITIVE | TIGO has a high relative strength, it outperformed 94.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TIGO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TIGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TIGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests TIGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.53 | OVERSOLD | The low Stochastics value suggests TIGO may be oversold. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for TIGO suggests a possible start of a new trend. |
51.13
+0.71 (+1.41%)
MILLICOM INTL CELLULAR S.A. / TIGO FAQ
What is the ChartMill technical rating of MILLICOM INTL CELLULAR S.A. (TIGO) stock?
ChartMill assigns a technical rating of 10 / 10 to TIGO.
What is the trend direction for TIGO stock?
The current trend direction for MILLICOM INTL CELLULAR S.A. (TIGO) is Bullish.
Can you provide the RSI signal for MILLICOM INTL CELLULAR S.A.?
MILLICOM INTL CELLULAR S.A. (TIGO) has an RSI value of 50.4118. This indicates that the stock is currently neutral.
What is the MACD signal for TIGO stock?
The MACD indicator for MILLICOM INTL CELLULAR S.A. (TIGO) has a value of -0.439716, indicating a bearish trend.
What are the support and resistance levels for MILLICOM INTL CELLULAR S.A. (TIGO) stock?
MILLICOM INTL CELLULAR S.A. (TIGO) has a support level at 50.97 and a resistance level at 52.16. Check the full technical report for our detailed analysis of TIGO support and resistance levels.