T-Mobile US Stock Forecast
Green day on Tuesday for T-Mobile US
(Updated on Apr 23, 2024)
The T-Mobile US stock price gained 0.548% on the last trading day (Tuesday, 23rd Apr 2024), rising from $162.36 to $163.25. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.94% from a day low at $162.35 to a day high of $163.87. The price has risen in 6 of the last 10 days and is up by 1.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 469 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $677.15 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect T-Mobile US stock with a 90% probability to be traded between $158.52 and $165.55 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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TMUS Signals & Forecast
Mostly positive signals in the chart today. The T-Mobile US 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 $161.21 and $162.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for T-Mobile US stock
T-Mobile US finds support from accumulated volume at $162.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.52 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: $154.52 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TMUS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect T-Mobile US to open at $163.16, and during the day (based on 14 day Average True Range), to move between $161.42 and $165.08, which gives a possible trading interval of +/-$1.83 (+/-1.12%) up or down from last closing price. If T-Mobile US takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $162.16 (0.67%) than the resistance at $164.39 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
T-Mobile US will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.87. We will update the financials statements for T-Mobile US, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.57% in the first trading day after earnings release.
Is T-Mobile US stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for T-Mobile US stock to perform well in the short-term period.
Current score: 1.759 Buy Candidate Unchanged
Predicted Opening Price for T-Mobile US of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$163.16 ( 0.0572%) | $163.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMUS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 164.68 | 0.87 % | |
R2 | 164.10 | 0.518 % | ||
R1 | 163.74 | 0.299 % | ||
Current price: | 163.25 | |||
Support | S1 | 162.58 | -0.413 % | |
S2 | 162.22 | -0.633 % | ||
S3 | 161.64 | -0.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 167.42 | 2.55 % | |
R2 | 165.90 | 1.62 % | ||
R1 | 164.39 | 0.698 % | ||
Current price | 163.25 | |||
Support | S1 | 162.16 | -0.668% | |
S2 | 162.01 | -0.760% | ||
S3 | 161.81 | -0.88% |
TMUS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 13, 2024 | $0.650 | 0.398% |
2 | Jan 24, 2024 | Feb 29, 2024 | Mar 14, 2024 | $0.650 | 0.399% |
3 | Sep 25, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.650 | 0.416% |
4 | Apr 25, 2013 | May 01, 2013 | Sep 15, 2016 | $4.06 | 8.61% |
FAQ
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