Telecom Argentina Stet - France Telecom Stock Forecast
Telecom Argentina Stet - France Telecom stock price up more than 8.47% on Friday
(Updated on May 03, 2024)
The Telecom Argentina Stet - France Telecom stock price gained 8.47% on the last trading day (Friday, 3rd May 2024), rising from $7.91 to $8.58. During the last trading day the stock fluctuated 7.25% from a day low at $8.00 to a day high of $8.58. The price has risen in 5 of the last 10 days and is up by 19.5% 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, 308 thousand more shares were traded than the day before. In total, 432 thousand shares were bought and sold for approximately $3.70 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $8.23, a level that may pose a second chance to hit a runner. According to fan-theory $9.66 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TEO Signals & Forecast
Mostly positive signals in the chart today. 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. 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 $7.96 and $7.76. 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 22.22%. 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.
Support, Risk & Stop-loss for Telecom Argentina Stet - France Telecom stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.10 and $8.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Telecom Argentina Stet - France Telecom finds support just below today's level at $8.10. If this is broken, then the next support from accumulated volume will be at $8.00 and $7.97.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.580 between high and low, or 7.25%. For the last week, the stock has had daily average volatility of 4.61%.
The Telecom Argentina Stet - France Telecom stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $8.28 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TEO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Telecom Argentina Stet - France Telecom SA to open at $8.39, and during the day (based on 14 day Average True Range), to move between $8.17 and $8.99, which gives a possible trading interval of +/-$0.410 (+/-4.78%) 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 9.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $8.10, some $0.480 (5.59%) from the current price of $8.58, our system finds the risk reward attractive.
Is Telecom Argentina Stet - France Telecom SA stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Telecom Argentina Stet - France Telecom stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.375 Strong Buy Candidate Upgraded
Predicted Opening Price for Telecom Argentina Stet - France Telecom SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $8.39 ( 2.25%) | $8.58 |
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 | 8.97 | 4.51 % | |
| R2 | 8.75 | 1.92 % | ||
| R1 | 8.61 | 0.329 % | ||
| Current price: | 8.58 | |||
| Support | S1 | 8.17 | -4.84 % | |
| S2 | 8.03 | -6.43 % | ||
| S3 | 7.81 | -9.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.58 | |||
| Support | S1 | 8.10 | -5.59% | |
| S2 | 8.00 | -6.76% | ||
| S3 | 7.97 | -7.11% |
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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