Traders and investors analyze technical indicators when making market entry and exit decisions. Moving averages and the RSI (relative strength index) readings are among the most widely used technical indicators.
Generally, an RSI of below 30 signifies that a stock has been oversold, while an RSI of above 70 indicates that a stock has been overbought. In this final part of our series, we’ll look at T-Mobile’s (TMUS) technical indicators and compare them with those of other telecom companies.
100-day moving averages
Relative strength index
As of April 19, AT&T has a 14-day RSI reading of 27, which has led traders to believe that the stock is oversold. At the same time, Verizon and Sprint have a 14-day RSI readings of 47 and 55, respectively.
T-Mobile now has a 14-day RSI reading of 54.
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