TELKOM INDONESIA PERSERO-ADR (TLK) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TLK • US7156841063
Overall TLK gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TLK has a been trading in the 20.50 - 23.52 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that TLK is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by TLK over the past year are nicely spread over this period.
- TLK is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry. TLK outperforms 77% of them.
- TLK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TLK is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although TLK has an excellent technical rating, it does not present a decent entry opportunity 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
17.78
We found 4 important support areas.
- Support @20.51 from a horizontal line in the daily time frame.
- Support @20.14 from a trend line in the weekly time frame.
- Support @19.74 from a trend line in the daily time frame.
- Support @17.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.53 to 21.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.45 from a horizontal line in the weekly 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 TLK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TLK is down. |
| ChartMill Relative Strength | 81.5 | POSITIVE | TLK has a high relative strength, it outperformed 81.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TLK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TLK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.05 | NEUTRAL | The RSI value for TLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TLK has a negative trend. |
| Stochastics (14,3) | 10.83 | OVERSOLD | The low Stochastics value suggests TLK may be oversold. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for TLK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.29 | NEGATIVE | The low ADX value for TLK suggests a weak or negative trend. |
21.12
+0.27 (+1.29%)
TELKOM INDONESIA PERSERO-ADR / TLK FAQ
What is the ChartMill technical rating of TELKOM INDONESIA PERSERO-ADR (TLK) stock?
ChartMill assigns a technical rating of 9 / 10 to TLK.
Can you provide the trend direction for TELKOM INDONESIA PERSERO-ADR?
The current trend direction for TELKOM INDONESIA PERSERO-ADR (TLK) is Bullish.
Can you provide the RSI signal for TELKOM INDONESIA PERSERO-ADR?
TELKOM INDONESIA PERSERO-ADR (TLK) has an RSI value of 46.0488. This indicates that the stock is currently neutral.
What is the short term momentum for TLK stock?
The short term momentum for TELKOM INDONESIA PERSERO-ADR (TLK) is negative.
Can you provide the buy/sell signal for TELKOM INDONESIA PERSERO-ADR?
The buy/sell signal for TELKOM INDONESIA PERSERO-ADR (TLK) is hold as the short term and long term trends are mixed.