Understanding T-Mobile’s Technical Indicators ahead of Its 1Q17 Results



Technical indicators

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.

Article continues below advertisement

100-day moving averages

On April 19, 2017, T-Mobile was trading 6.8% above its 100-day moving average, while Verizon Communications (VZ) was trading around 2.1% below its 100-day moving average, and AT&T (T) was trading 1.8% below its average. Sprint (S) was trading 4.8% below its 100-day moving average on April 19.

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.

For ongoing updates on this industry, keep checking in with Market Realist’s Tech, Media, and Telecom page.


More From Market Realist