What T-Mobile’s Technical Indicators Hint At

In the previous article, we examined analysts’ latest recommendations on T-Mobile (TMUS) stock. The majority of analysts are currently suggesting “buys” on TMUS.

Now let’s take a look at T-Mobile’s technical indicators and compare them to those of its peers in the telecommunications space. Moving averages and RSI (relative strength index) scores are the two most frequently used technical indicators.

A stock’s short-term moving average being lower than its long-term moving average suggests technical weakness and negative investor sentiments. T-Mobile’s 20-day moving average of $59.25 is lower than its 100-day moving average of $60.05, indicating technical weakness.

On July 2, T-Mobile was trading 0.2% below its 100-day moving average. In comparison, AT&T (T) was trading ~6.2% below its 100-day moving average, while Verizon (VZ) was trading 4.1% above its 100-day moving average. Sprint (S) was trading 1.5% above its 100-day moving average.

A stock’s 14-day RSI level is measured on a scale of 0–100, with a 14-day RSI level of above 70 indicating that the stock has been overbought and a 14-day RSI reading of below 30 suggesting that it has been oversold.

On July 2, T-Mobile had a 14-day RSI level of 65. Meanwhile, Sprint, AT&T, and Verizon had 14-day RSI levels of 56, 32, and 60, respectively.

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