In the previous part of this series, we assessed the latest analyst recommendations for T-Mobile (TMUS) stock. The majority of analysts suggest a “buy” for its stock. Now, let’s look into T-Mobile’s technical indicators and compare them with its competitors in the telecom space.
Technical indicators provide guidance in predicting a stock trend’s direction. Technical indicators are crucial, as they help traders and investors make market entry and exit decisions. RSI (relative strength index) scores and moving averages are the two most frequently used technical indicators.
100-day moving averages
Relative strength index
On April 30, T-Mobile had a 14-day RSI level of 37. Sprint, AT&T, and Verizon had 14-day RSI readings of 41, 20, and 56, respectively. A 14-day RSI level that is lower than 30 suggests an oversold stock, and a 14-day RSI reading that is greater than 70 suggests an overbought stock.
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