TEF Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators for TEF, the stock shows:
- RSI-14 at 63.69 indicates slightly overbought conditions
- MACD (0.06) and Signal (0.02) showing bullish momentum
- Stochastic RSI at 89.83 suggests strongly overbought conditions
- Price trading above SMA-5 (4.29) and SMA-10 (4.19) indicating short-term uptrend
Price Targets & Support/Resistance:
- Fibonacci levels indicate:
- Resistance 1: 4.32
- Resistance 2: 4.40
- Support 1: 4.03
- Support 2: 3.94
- Pivot: 4.17
Recent News Impact:
- Barclays raised price target to €4.70 from €4.60 while maintaining Equal Weight rating
- Company hired JPMorgan to manage sale of Mexican operations
- Strategic shift to reduce debt and fund 5G investments through asset sales in Latin America
Price Prediction for Next Week: Based on technical indicators and recent developments:
- Bullish Case (30% probability): Price could test R1 at 4.32
- Base Case (50% probability): Consolidation between 4.20-4.28
- Bearish Case (20% probability): Pullback to pivot level at 4.17
Recommendation: HOLD
- Current overbought conditions suggest limited upside
- Asset sales could create short-term volatility
- Wait for pullback closer to pivot level (4.17) before considering new positions
TEF Similar Chart Price Prediction
The price of TEF is predicted to go up 3.88%, based on the high correlation periods with FTS. The similarity of these two price pattern on the periods is 97.55%.
TEF
FTS
Up: 3.88%Similarity: 97.55%
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TEF VS S&P500
Telefonica is executing the right strategy by selling assets and simplifying its corporate structure, which should be a spark for unlocking value.
Telefonica's position in Spain is unmatched thanks to its strong fixed-line network and there are no signs of this changing.
The deal with Virgin in the U.K. will strengthen the company's position in this geography thanks to the advantages of cable networks and the offering of converged services.
