What Technical Indicators Say about Sprint Stock
Technical indicators help us predict the direction of a stock. They have significant value since they help traders and investors know when to enter or exit a market. The two most often used technical indicators are moving averages and RSI (relative strength index) scores. Let’s see what the technical indicators say about Sprint (S) stock and compare that to other major US wireless carriers.
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100-day moving averages
As of December 5, 2017, Sprint was trading 18% below its 100-day moving average. In comparison, Verizon (VZ) was trading 6.1% above its 100-day moving average, and AT&T (T) was trading 1.2% below its average. T-Mobile (TMUS) was trading 1.7% below its 100-day moving average.
Relative strength index
As of December 5, 2017, Sprint had a 14-day RSI reading of 40. T-Mobile, AT&T, and Verizon had 14-day RSI readings of 71, 76, and 88, respectively.
Typically, a 14-day RSI reading above 70 means an overbought stock, whereas a 14-day RSI level below 30 means an oversold stock.