Telefonica SA Stock Forecast
Telefonica SA stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Telefonica SA stock price gained 0.455% on the last trading day (Thursday, 25th Apr 2024), rising from $4.40 to $4.42. During the last trading day the stock fluctuated 1.48% from a day low at $4.39 to a day high of $4.45. The price has risen in 6 of the last 10 days and is up by 5.24% 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, 343 thousand more shares were traded than the day before. In total, 665 thousand shares were bought and sold for approximately $2.94 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $4.44 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.46% during the next 3 months and, with a 90% probability hold a price between $4.59 and $4.91 at the end of this 3-month period.
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TEF Signals & Forecast
The Telefonica SA 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 $4.32 and $4.28. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 23, 2024, and so far it has fallen -0.226%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Telefonica SA stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.14 and $4.09. 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, Telefonica SA finds support just below today's level at $4.14. If this is broken, then the next support from accumulated volume will be at $4.09 and $3.86.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0650 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: $4.25 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TEF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Telefonica SA to open at $4.42, and during the day (based on 14 day Average True Range), to move between $4.35 and $4.49, which gives a possible trading interval of +/-$0.0651 (+/-1.47%) up or down from last closing price. If Telefonica SA takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.43 (0.23%) than the support at $4.14 (6.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Telefonica SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Telefonica SA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.459 Buy Candidate Upgraded
Predicted Opening Price for Telefonica SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.42 ( 0.0377%) | $4.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.48 | 1.43 % | |
| R2 | 4.46 | 0.87 % | ||
| R1 | 4.44 | 0.524 % | ||
| Current price: | 4.42 | |||
| Support | S1 | 4.39 | -0.599 % | |
| S2 | 4.38 | -0.95 % | ||
| S3 | 4.35 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.43 | 0.226 % | ||
| Current price | 4.42 | |||
| Support | S1 | 4.14 | -6.33% | |
| S2 | 4.09 | -7.47% | ||
| S3 | 3.86 | -12.67% |
TEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 03, 2023 | Dec 12, 2023 | Jan 03, 2024 | $0.159 | 4.03% |
| 2 | Apr 12, 2023 | Jun 13, 2023 | Jul 05, 2023 | $0.165 | 4.10% |
| 3 | Nov 14, 2022 | Dec 13, 2022 | Jan 03, 2023 | $0.155 | 4.27% |
| 4 | May 28, 2022 | Jun 01, 2022 | Jun 27, 2022 | $0.158 | 3.15% |
| 5 | Nov 26, 2021 | Dec 01, 2021 | Dec 29, 2021 | $0.166 | 3.78% |
FAQ
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