T-Mobile’s Technical Indicators: A Peer Comparison
Traders and investors analyze technical indicators when making market entry and exit decisions. Moving averages and the RSI (relative strength index) are among the most widely used technical indicators.
Generally, an RSI below 30 signifies that a stock has been oversold, while an RSI above 70 indicates that a stock has been overbought. In this part of the series, we’ll look at T-Mobile’s (TMUS) technical indicators and compare them with those of other telecom companies.
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100-day moving averages
On May 15, 2017, T-Mobile was trading 6.0% above its 100-day moving average. In comparison, Verizon (VZ) was trading ~9.2% below its 100-day moving average, while AT&T (T) was trading 5.9% below its average. Sprint (S) was trading 12.4% below its 100-day moving average.
Relative strength index
T-Mobile currently has a 14-day RSI reading of 40. In comparison, Verizon, AT&T, and Sprint have 14-day RSI readings of 36, 34, and 28, respectively, indicating that the stocks are oversold.