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. 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. We also observe that the gains produced by TIGO over the past year are nicely spread over this period.
- 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 63.86 - 75.25 range, which is quite wide. It is currently trading near the high of this range.
- TIGO has an average volume of 1311860 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
TIGO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 72.13, a Stop Loss order could be placed below this zone.
More info and screens
TIGO Support and Resistance Analysis
49.24
We found 5 important support areas.
- A support zone ranging from 71.73 to 72.13. 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 63.34 to 63.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.40 to 55.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.89 from a trend line in the weekly time frame.
- Support @49.74 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 | 96.67 | POSITIVE | TIGO has a high relative strength, it outperformed 96.67% 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) | 60.2 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TIGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.96 | NEUTRAL | The Stochastics value for TIGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.72 | POSITIVE | The high ADX value value for TIGO suggests a strong trend. |
TIGO Chart- and CandleStick Pattern Analysis
TIGO Example Setup
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 |
|---|---|---|---|
| 75.26 | 71.72 | 3.54 (4.70%) | 21.26% |
| An entry @75.26. This is a Buy Stop order right above the 10 day high. | An exit @71.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.54 points, which is 4.70%. | For a 1.00% total portfolio risk, you can invest 21.26% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TIGO. Please evaluate whether better entry and exit points can be found.
- 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.
TIGO Technicals: Chart, Performance Metrics, Trend & Indicators
72.19
+1.24 (+1.75%)
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 60.1997. 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 72.13. Check the full technical report for our detailed analysis of TIGO support and resistance levels.