MILLICOM INTL CELLULAR S.A. (TIGO) Technical Analysis
NASDAQ:TIGO • LU0038705702
Current stock price
TIGO Technical Rating and Analysis
Taking everything into account, TIGO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TIGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TIGO is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, TIGO also shows a nice and consistent pattern of rising prices.
- TIGO is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. TIGO outperforms 90% of them.
- TIGO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TIGO has a been trading in the 72.43 - 85.05 range, which is quite wide. It is currently trading near the high of this range.
- TIGO has an average volume of 1475640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TIGO Weekly and Daily overview Charts
TIGO Setup Rating and Analysis
Although TIGO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TIGO Support and Resistance Analysis
49.24
5 important support areas can be observed.
- A support zone ranging from 79.66 to 79.94. 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 76.98 to 77.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @58.49 from a trend line in the weekly time frame.
- Support @54.71 from a trend line in the weekly time frame.
- Support @49.74 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 83.16 to 83.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
TIGO Technical Indicator Signal Analysis
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 | 95.48 | POSITIVE | TIGO has a high relative strength, it outperformed 95.48% 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) | 62.26 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TIGO has a negative trend. |
| Stochastics (14,3) | 87.01 | OVERBOUGHT | The high Stochastics value suggests TIGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for TIGO suggests a possible start of a new trend. |
TIGO Chart- and CandleStick Pattern Analysis
TIGO Technicals: Chart, Performance Metrics, Trend & Indicators
83.15
-0.36 (-0.44%)
MILLICOM INTL CELLULAR S.A. / TIGO TA 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 current trend direction of MILLICOM INTL CELLULAR S.A. (TIGO) stock?
The current trend direction for MILLICOM INTL CELLULAR S.A. (TIGO) is Bullish.
What is the RSI signal for TIGO stock?
MILLICOM INTL CELLULAR S.A. (TIGO) has an RSI value of 62.259. This indicates that the stock is currently neutral.
What is the short term momentum for TIGO stock?
The short term momentum for MILLICOM INTL CELLULAR S.A. (TIGO) is positive.
What is the buy/sell signal for TIGO stock?
The buy/sell signal for MILLICOM INTL CELLULAR S.A. (TIGO) is buy as both the short term and long term trends are positive.