TELENET GROUP HOLDING NV (TNET.BR)       15.75  -0.39 (-2.42%)

15.75  -0.39 (-2.42%)

BE0003826436 - Common Stock

Technical Rating

3

Overall TNET gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TNET was also a bad performer in the overall market in the last year.



In the last month TNET has a been trading in the 14.75 - 16.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, TNET is a bad performer in the overall market: 96% of all stocks are doing better.
TNET is part of the Media industry. There are 21 other stocks in this industry, of which 86% are performing better than TNET.
TNET is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -6.03% -0.13% 5.49% -53.04% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 4.87 12.56 - 33.76
TNET Weekly chart
TNET Daily chart

Support/Resistance Analysis


13.24

17.77
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 15.45 to 15.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 13.37 to 13.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • Resistance @16.14 from a trend line in the daily time frame.
  • Resistance @16.41 from a trend line in the weekly time frame.
  • A resistance zone ranging from 17.45 to 17.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Although the technical rating is bad, TNET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 15.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TNET in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

TNET Daily chart

TELENET GROUP HOLDING NV15.75

EBR:TNET (2/3/2023, 7:00:00 PM)-0.39 (-2.42%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Communication Services
GICS Industry Media

Performance
Today -2.42% 1 Week 0.83%
2 Weeks 2.87% 1 Month -6.03%
3 Month -0.13% 6 Month 5.49%

Volatility
ATR(14) 0.52 ATR(20)% 3.41%
ATR Inc -7.05% Range Today 0.4

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 4.87 Mansfield -2.32
10 Day High 16.2 10 Day Low 15.04
20 Day High 16.97 20 Day Low 14.75
52 Week High 33.76 52 Week Low 12.56
CS1 End 15.75 CR1 Start 16.14

Volume & EV
DER(3) 14% DER(5) 9.87%
Volume 57.18K Volume Incr -29.85%
Vol(5) 82.27K Vol(50) 115.09K

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