TELENET GROUP HOLDING NV (TNET.BR)

BE0003826436 - Common Stock

20.09  +0.17 (+0.85%)

Technical Rating

5

We assign a technical rating of 5 out of 10 to TNET. In the last year, TNET 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.



TNET is part of the Media industry. There are 22 other stocks in this industry. TNET outperforms 86% of them.
TNET is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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.
Looking at the yearly performance, TNET did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TNET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNET is lagging the market.
In the last month TNET has a been trading in a tight range between 19.78 and 20.36.

Statistics

1 Month 3 Months 6 Months 12 Months -1.87% 36.35% 33.07% -19.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 87.91 12.56 - 25.1
TNET Weekly chart
TNET Daily chart

Support/Resistance Analysis


13.24

21.37
4 important support areas can be observed.
  • A support zone ranging from 19.81 to 20.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @15.50 from a trend line in the weekly time frame.
  • Support @14.12 from a trend line in the daily time frame.
  • Support @13.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 21.04 to 21.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

TNET has an average technical rating and the quality of the presented setup is also not ideal 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.


TNET Daily chart

TELENET GROUP HOLDING NV

EBR:TNET (6/2/2023, 5:29:48 PM)

20.09

+0.17 (+0.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.85%
1 Week0.4%
2 Weeks-0.6%
1 Month-1.87%
3 Month36.35%
6 Month33.07%
12 Month-19.48%
Volatility
ATR(14)0.13
ATR(20)%0.66%
ATR Inc11.54%
Range Today0.15
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.91
Mansfield1.11
10 Day High20.16
10 Day Low19.78
20 Day High20.36
20 Day Low19.78
52 Week High25.1
52 Week Low12.56
CS1 End19.91
CR1 Start21.04
Volume & EV
DER(3)1.91%
DER(5)-2.03%
Volume18.86K
Volume Incr-32.35%
Vol(5)91.61K
Vol(50)191.90K
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