VIV Technical Analysis - TELEFONICA BRASIL-ADR

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to VIV. VIV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month VIV has a been trading in the 11.59 - 12.88 range, which is quite wide. It is currently trading near the lows of this range.

VIV is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 82% of 36 stocks in the same industry.

VIV 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 VIV 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.

When comparing the yearly performance of all stocks, we notice that VIV is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELEFONICA BRASIL-ADR / VIV Weekly stock chart

TELEFONICA BRASIL-ADR / VIV Daily stock chart

Setup Rating and Analysis

VIV has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.65

12.94

We found 1 important support area.

A support zone ranging from 11.77 to 11.77. 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 12.31 to 12.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 12.64 to 12.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 VIV is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for VIV is down.
ChartMill Relative Strength	78.39	POSITIVE	VIV has a high relative strength, it outperformed 78.39% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of VIV is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of VIV is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VIV is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.88	NEUTRAL	The RSI value for VIV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests VIV has a negative trend.
Stochastics (14,3)	14.19	OVERSOLD	The low Stochastics value suggests VIV may be oversold.
Average True Range in percent/ATR (20)	1.92	LOW VOLATILITY	The low ATR as a percentage value for VIV suggests low volalility.
Average Directional Index/ADX (14)	19.59	NEGATIVE	The low ADX value for VIV suggests a weak or negative trend.