MILLICOM INTL CELLULAR S.A. (TIGO) Stock Technical Analysis
USA - NASDAQ:TIGO - LU0038705702 - Common Stock
Overall TIGO gets a technical rating of 7 out of 10. In the last year, TIGO was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, TIGO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.28, a Stop Loss order could be placed below this zone.
More info and screens
25.07
We found 4 important support areas.
- A support zone ranging from 47.10 to 47.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.80 to 46.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.12 from a trend line in the weekly time frame.
- Support @25.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.69 to 50.29. This zone is formed by a combination of multiple trend lines 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 | 92.06 | POSITIVE | TIGO has a high relative strength, it outperformed 92.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TIGO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TIGO is below a declining 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) | 51.31 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TIGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.3 | NEUTRAL | The Stochastics value for TIGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.62 | NEGATIVE | The low ADX value for TIGO suggests a weak or negative 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 |
|---|---|---|---|
| 50.30 | 47.09 | 3.21 (6.38%) | 15.67% |
| An entry @50.30. This is a Buy Stop order right above the resistance zone. | An exit @47.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.21 points, which is 6.38%. | For a 1.00% total portfolio risk, you can invest 15.67% of your capital in this trade. |
- 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.
47.48
-0.28 (-0.59%)
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 7 / 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 51.3075. 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 -0.0350007, 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 47.28 and a resistance level at 49.69. Check the full technical report for our detailed analysis of TIGO support and resistance levels.