
What T-Mobile’s Technical Indicators Hint At
By Ambrish ShahUpdated
Technical indicators
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.
Moving averages
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.
100-day moving averages
Relative strength index
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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