T-Mobile US Stock Forecast
T-Mobile US stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The T-Mobile US stock price gained 0.475% on the last trading day (Thursday, 18th Apr 2024), rising from $160.09 to $160.85. During the last trading day the stock fluctuated 0.91% from a day low at $160.06 to a day high of $161.51. The price has fallen in 6 of the last 10 days and is down by -0.47% for this period. Volume fell on the last day by -807 thousand shares and in total, 3 million shares were bought and sold for approximately $509.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $157.26 and $164.56 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
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.663%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The T-Mobile US stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $162.15. On a fall, the stock will find some support from the short-term average at $160.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for T-Mobile US stock
T-Mobile US finds support from accumulated volume at $160.41 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 $1.45 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TMUS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect T-Mobile US to open at $160.81, and during the day (based on 14 day Average True Range), to move between $159.03 and $162.67, which gives a possible trading interval of +/-$1.82 (+/-1.13%) up or down from last closing price. If T-Mobile US takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $160.41 (0.27%) than the resistance at $161.81 (0.60%), 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 $1.89. 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?
T-Mobile US holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.373 Sell Candidate Downgraded
Predicted Opening Price for T-Mobile US of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$160.81 ( 0.0264%) | $160.85 |
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 | 162.26 | 0.88 % | |
R2 | 161.71 | 0.532 % | ||
R1 | 161.36 | 0.319 % | ||
Current price: | 160.85 | |||
Support | S1 | 160.25 | -0.371 % | |
S2 | 159.91 | -0.584 % | ||
S3 | 159.36 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 162.16 | 0.81 % | |
R2 | 162.01 | 0.721 % | ||
R1 | 161.81 | 0.597 % | ||
Current price | 160.85 | |||
Support | S1 | 160.41 | -0.274% | |
S2 | 160.38 | -0.292% | ||
S3 | 159.82 | -0.640% |
TMUS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 13, 2024 | $0.650 | 0.404% |
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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