GRUPO TELEVISA SA-SPON ADR (TV) Stock Technical Analysis
NYSE:TV • US40049J2069
Taking everything into account, TV scores 4 out of 10 in our technical rating. TV was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month TV has a been trading in the 2.80 - 3.49 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TV is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. TV outperforms 72% of them.
- TV 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 TV is lagging the market slightly.
- TV has an average volume of 1459210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, TV did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TV has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.84
2 important support areas can be observed.
- A support zone ranging from 2.94 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.87 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.40 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TV is down. |
| ChartMill Relative Strength | 85.04 | POSITIVE | TV has a high relative strength, it outperformed 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.73 | NEUTRAL | The RSI value for TV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TV has a negative trend. |
| Stochastics (14,3) | 21.27 | NEUTRAL | The Stochastics value for TV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.56 | NEGATIVE | The low ADX value for TV suggests a weak or negative trend. |
2.95
-0.23 (-7.23%)
GRUPO TELEVISA SA-SPON ADR / TV FAQ
What is the ChartMill technical rating of GRUPO TELEVISA SA-SPON ADR (TV) stock?
ChartMill assigns a technical rating of 4 / 10 to TV.
What is the trend direction for TV stock?
The current trend direction for GRUPO TELEVISA SA-SPON ADR (TV) is Bearish.
Can you provide the RSI signal for GRUPO TELEVISA SA-SPON ADR?
GRUPO TELEVISA SA-SPON ADR (TV) has an RSI value of 35.7335. This indicates that the stock is currently neutral.
What is the MACD signal for GRUPO TELEVISA SA-SPON ADR (TV) stock?
The MACD indicator for GRUPO TELEVISA SA-SPON ADR (TV) has a value of -0.0399899, indicating a bearish trend.
Can you provide the short term momentum for GRUPO TELEVISA SA-SPON ADR?
The short term momentum for GRUPO TELEVISA SA-SPON ADR (TV) is negative.