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.
TIGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 52.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TIGO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 51.61 to 52.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.82 to 50.10. 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 @32.14 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 TIGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TIGO is up. |
| ChartMill Relative Strength | 94.63 | POSITIVE | TIGO has a high relative strength, it outperformed 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TIGO is above 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) | 60.23 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TIGO has a positive trend. |
| Stochastics (14,3) | 70.55 | NEUTRAL | The Stochastics value for TIGO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for TIGO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.91 | 51.60 | 3.31 (6.03%) | 16.59% |
| An entry @54.91. This is a Buy Stop order right above the 10 day high. | An exit @51.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.31 points, which is 6.03%. | When investing 16.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
53.73
+0.61 (+1.15%)
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 60.233. 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 0.0591462, 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 52.41. Check the full technical report for our detailed analysis of TIGO support and resistance levels.