TLK Technical Analysis - TELKOM INDONESIA PERSERO-ADR

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to TLK. In the last year, TLK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month TLK has a been trading in the 18.61 - 20.27 range, which is quite wide. It is currently trading near the lows of this range.

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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, TLK outperforms 49% of them, which is more or less in line with the market.

TLK is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, TLK did better than 62% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELKOM INDONESIA PERSERO-ADR / TLK Weekly stock chart

TELKOM INDONESIA PERSERO-ADR / TLK Daily stock chart

Setup Rating and Analysis

TLK has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.38

20.79

We found 1 important support area.

A support zone ranging from 18.57 to 18.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 19.30 to 19.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 20.07 to 20.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 TLK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TLK is down.
ChartMill Relative Strength	49.73	NEUTRAL	TLK is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TLK is below a declining 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)	44.2	NEUTRAL	The RSI value for TLK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests TLK has a negative trend.
Stochastics (14,3)	15.36	OVERSOLD	The low Stochastics value suggests TLK may be oversold.
Average True Range in percent/ATR (20)	1.95	LOW VOLATILITY	The low ATR as a percentage value for TLK suggests low volalility.
Average Directional Index/ADX (14)	19.53	NEGATIVE	The low ADX value for TLK suggests a weak or negative trend.