MILLICOM INTL CELLULAR S.A. (TIGO) Technical Analysis
NASDAQ:TIGO • LU0038705702
Current stock price
TIGO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TIGO. 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.
- 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 96% of all stocks. On top of that, TIGO also shows a nice and consistent pattern of rising prices.
- TIGO is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 95% of 22 stocks in the same industry.
- TIGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TIGO is leading the market.
- In the last month TIGO has a been trading in the 67.70 - 77.33 range, which is quite wide. It is currently trading near the high of this range.
- TIGO has an average volume of 1349550 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. Prices have been consolidating lately.
More info and screens
TIGO Support and Resistance Analysis
49.24
We found 5 important support areas.
- Support @63.95 from a horizontal line in the daily time frame.
- Support @56.27 from a trend line in the weekly time frame.
- Support @55.30 from a trend line in the daily time frame.
- Support @53.49 from a trend line in the weekly time frame.
- Support @49.74 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 73.36 to 73.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.95 from a horizontal line in the daily time frame.
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 | 96.38 | POSITIVE | TIGO has a high relative strength, it outperformed 96.38% 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) | 55.58 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TIGO has a negative trend. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests TIGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.24 | POSITIVE | The high ADX value value for TIGO suggests a strong trend. |
TIGO Chart- and CandleStick Pattern Analysis
TIGO Technicals: Chart, Performance Metrics, Trend & Indicators
73.35
-3.6 (-4.68%)
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.
Can you provide the trend direction for MILLICOM INTL CELLULAR S.A.?
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 55.5817. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MILLICOM INTL CELLULAR S.A.?
The buy/sell signal for MILLICOM INTL CELLULAR S.A. (TIGO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MILLICOM INTL CELLULAR S.A.?
MILLICOM INTL CELLULAR S.A. (TIGO) has a support level at 63.95 and a resistance level at 73.36. Check the full technical report for our detailed analysis of TIGO support and resistance levels.