Telenet Group Hldgs NV (TNET.BR) Stock Technical Analysis
EBR:TNET - Euronext Brussels - BE0003826436 - Common Stock - Currency: EUR
Overall TNET gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TNET has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TNET is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by TNET over the past year are nicely spread over this period.
TNET is one of the better performing stocks in the Media industry, it outperforms 100% of 62 stocks in the same industry.
TNET is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TNET has a been trading in a tight range between 20.84 and 21.28.
Considerably lower volume is observed in the last couple of days.
TNET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.61
21.50
2 important support areas can be observed.
- A support zone ranging from 21.01 to 21.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.81 to 19.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.29 to 21.29. 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 TNET.BR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNET.BR is neutral. |
| ChartMill Relative Strength | 97.52 | POSITIVE | TNET.BR has a high relative strength, it outperformed 97.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNET.BR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNET.BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNET.BR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.41 | NEUTRAL | The RSI value for TNET.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TNET.BR has a positive trend. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for TNET.BR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for TNET.BR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.24 | POSITIVE | The high ADX value value for TNET.BR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 21.30 | 21.11 | 0.19 (0.89%) | 25.00% |
| An entry @21.30. This is a Buy Stop order right above the resistance zone. | An exit @21.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.89%. | For a 0.22% total portfolio risk, you can invest 25.00% 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.
EBR:TNET (10/13/2023, 7:00:00 PM)
21.28
+0.08 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.38%
1 Week0.38%
2 Weeks0.47%
1 Month0.66%
3 Month2.7%
6 Month1.53%
12 Month59.76%
2 Year-31.49%
3 Year-35.52%
5 Year-50.37%
10 Year-47.39%
15 Year75.29%
Volatility
ATR(14)0.09
ATR(20)%0.51%
ATR Inc35.48%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.52
Mansfield1.16
10 Day High21.28
10 Day Low21.12
20 Day High21.28
20 Day Low20.84
52 Week High21.32
52 Week Low13.15
CS1 End21.21
CR1 Start21.29
Volume & EV
DER(3)-0.35%
DER(5)0.33%
Volume7.17K
Volume Incr-41.82%
Vol(5)19.12K
Vol(50)37.52K