TNE5 Technical Analysis - TELEFONICA SA

Technical Rating and Analysis

Overall TNE5 gets a technical rating of 1 out of 10. TNE5 performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

61% of all other stocks performed better in the past year than TNE5.

TNE5 is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, of which 65% are performing better than TNE5.

TNE5 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: TNE5 has an average volume of 24953 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

TNE5 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 TNE5 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.

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

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TNE5 does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.45, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.84

4.85

When analyzing the support we can see 3 important areas.

Support @4.45 from a horizontal line in the daily time frame.
A support zone ranging from 4.33 to 4.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 3.88 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 4.55 to 4.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 4.75 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 TNE5.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TNE5.DE is down.
ChartMill Relative Strength	39.86	NEUTRAL	TNE5.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TNE5.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TNE5.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TNE5.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.59	NEUTRAL	The RSI value for TNE5.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests TNE5.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	53.34	NEUTRAL	The Stochastics value for TNE5.DE is a neutral value.
Average True Range in percent/ATR (20)	1.34	LOW VOLATILITY	The low ATR as a percentage value for TNE5.DE suggests low volalility.
Average Directional Index/ADX (14)	22.6	NEUTRAL	The ADX value for TNE5.DE suggests a possible start of a new trend.