T-Mobile US Stock Forecast

T-Mobile US stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

TMUS Signals & Forecast

The T-Mobile US stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $164.49 and $162.05. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -0.526%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $164.05 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 $1.68 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: $160.44 (-2.53%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (TMUS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect T-Mobile US to open at $164.47, and during the day (based on 14 day Average True Range), to move between $162.61 and $166.59, which gives a possible trading interval of +/-$1.99 (+/-1.21%) up or down from last closing price. If T-Mobile US takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $164.05 (0.33%) than the resistance at $165.47 (0.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.475 Buy Candidate Upgraded

Predicted Opening Price for T-Mobile US of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.