Telecom Argentina Stet - France Telecom Stock Forecast
Telecom Argentina Stet - France Telecom stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
No changes to the price of Telecom Argentina Stet - France Telecom stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 1.99% from a day low at $7.55 to a day high of $7.70. The price has fallen in 5 of the last 10 days and is down by -2.31% for this period.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Telecom Argentina Stet - France Telecom stock with a 90% probability to be traded between $6.58 and $8.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TEO Signals & Forecast
The Telecom Argentina Stet - France Telecom stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.43 and $7.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.55%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Telecom Argentina Stet - France Telecom stock
Telecom Argentina Stet - France Telecom finds support from accumulated volume at $7.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: $7.30 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TEO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Telecom Argentina Stet - France Telecom SA to open at $7.62, and during the day (based on 14 day Average True Range), to move between $7.21 and $8.03, which gives a possible trading interval of +/-$0.410 (+/-5.38%) up or down from last closing price. If Telecom Argentina Stet - France Telecom SA takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.53 (1.18%) than the resistance at $7.97 (4.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telecom Argentina Stet - France Telecom SA stock A Buy?
Telecom Argentina Stet - France Telecom holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.739 Hold/Accumulate Downgraded
Predicted Opening Price for Telecom Argentina Stet - France Telecom SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.62 ( 0.0437%) | $7.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.77 | 2.01 % | |
| R2 | 7.72 | 1.26 % | ||
| R1 | 7.68 | 0.796 % | ||
| Current price: | 7.62 | |||
| Support | S1 | 7.57 | -0.708 % | |
| S2 | 7.53 | -1.17 % | ||
| S3 | 7.47 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.10 | 6.30 % | |
| R2 | 8.00 | 4.99 % | ||
| R1 | 7.97 | 4.59 % | ||
| Current price | 7.62 | |||
| Support | S1 | 7.53 | -1.18% | |
| S2 | 7.22 | -5.25% | ||
| S3 | 6.98 | -8.40% |
TEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 18, 2023 | May 19, 2023 | May 25, 2023 | $0.245 | 5.09% |
| 2 | Jun 16, 2022 | Jun 24, 2022 | Jul 05, 2022 | $0.314 | 6.98% |
| 3 | Oct 10, 2019 | Oct 18, 2019 | Oct 25, 2019 | $0.696 | 7.01% |
| 4 | Aug 16, 2019 | Aug 16, 2019 | Aug 23, 2019 | $0.289 | 2.82% |
| 5 | Apr 26, 2019 | May 03, 2019 | May 14, 2019 | $0.345 | 2.37% |
FAQ
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