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Archive
- 4/26/2024 -
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T-Mobile U (TMUS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the T-Mobile U (TMUS). During the week, the TMUS climbed 1.63 points, or 1.00%, and closed at 163.96 on Friday, April 26, 2024. Weekly volume was 7% above average.
 Long-term trend: [See TMUS long-term trend chart]
A long-term uptrend had started on June 2, 2023 at 124.92 and reached 168.64 on March 7, 2024. TMUS gained -43.72 points, or -35.00%, in 39 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 150.44 and resistance is at 174.43. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See TMUS medium-term trend chart]
A medium-term downtrend had started on March 7, 2024 at 168.64 and reached 158.84 on March 22, 2024. TMUS lost 9.80 points, or 5.81%, in 2 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (159.29) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See TMUS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See TMUS short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 159.14 and reached 165.19 on April 25, 2024. TMUS gained -6.05 points, or -3.80%, in 9 days. The price is now at the 20.33% retracement level.
Daily Technical Indicators: [See TMUS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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