Telecom Argentina Stet - France Telecom Stock Forecast
Telecom Argentina Stet - France Telecom stock price up 2.28% on Friday
(Updated on Apr 19, 2024)
The Telecom Argentina Stet - France Telecom stock price gained 2.28% on the last trading day (Friday, 19th Apr 2024), rising from $7.02 to $7.18. During the last trading day the stock fluctuated 4.91% from a day low at $6.93 to a day high of $7.27. The price has fallen in 6 of the last 10 days and is down by -10.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately $948.14 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Telecom Argentina Stet - France Telecom stock with a 90% probability to be traded between $6.43 and $8.01 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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TEO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.28%. Further rise is indicated until a new top pivot has been found. Telecom Argentina Stet - France Telecom has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Telecom Argentina Stet - France Telecom stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.26 and $7.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Telecom Argentina Stet - France Telecom stock
Telecom Argentina Stet - France Telecom finds support from accumulated volume at $7.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.340 between high and low, or 4.91%. For the last week, the stock has had daily average volatility of 6.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TEO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Telecom Argentina Stet - France Telecom SA to open at $7.13, and during the day (based on 14 day Average True Range), to move between $6.76 and $7.60, which gives a possible trading interval of +/-$0.418 (+/-5.82%) 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 11.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.05 (1.81%) than the resistance at $7.83 (9.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telecom Argentina Stet - France Telecom SA stock A Buy?
Telecom Argentina Stet - France Telecom holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.022 Sell Candidate Unchanged
Predicted Opening Price for Telecom Argentina Stet - France Telecom SA of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $7.13 ( 0.743%) | $7.18 |
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 | 7.47 | 3.99 % | |
| R2 | 7.34 | 2.18 % | ||
| R1 | 7.26 | 1.07 % | ||
| Current price: | 7.18 | |||
| Support | S1 | 7.00 | -2.55 % | |
| S2 | 6.92 | -3.67 % | ||
| S3 | 6.79 | -5.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.00 | 11.42 % | |
| R2 | 7.97 | 11.00 % | ||
| R1 | 7.83 | 9.05 % | ||
| Current price | 7.18 | |||
| Support | S1 | 7.05 | -1.81% | |
| S2 | 7.03 | -2.09% | ||
| S3 | 6.98 | -2.79% |
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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