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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TIGO did better than 96% of all other 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 100% of 22 stocks in the same industry.
- 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 49.40 - 62.74 range, which is quite wide. It is currently trading near the high of this range.
- TIGO has an average volume of 1011720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
45.82
We found 4 important support areas.
- A support zone ranging from 60.43 to 61.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.47 to 51.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.74 to 50.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @46.28 from a horizontal line in the daily 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 | 96.07 | POSITIVE | TIGO has a high relative strength, it outperformed 96.07% 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) | 64.46 | NEUTRAL | The RSI value for TIGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests TIGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.17 | OVERBOUGHT | The high Stochastics value suggests TIGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for TIGO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.81 | POSITIVE | The high ADX value value for TIGO suggests a strong 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 |
|---|---|---|---|
| 62.75 | 60.42 | 2.33 (3.71%) | 25.00% |
| An entry @62.75. This is a Buy Stop order right above the 10 day high. | An exit @60.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.33 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- 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.
61.03
-1.19 (-1.91%)
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.
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 64.4591. 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 61.02. Check the full technical report for our detailed analysis of TIGO support and resistance levels.