Should You Buy Millicom International Cellular SA (TIGO) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
Buy now. TIGO is in an established uptrend (bullish MA stack) with supportive derivatives sentiment (very low put/call ratios) and a clear near-term corporate catalyst (UNE full ownership closing). Even though price is near first resistance (~62.3) and MACD momentum is cooling, the balance of evidence favors upside continuation rather than a breakdown, which fits an impatient buyer who doesn’t want to wait for a perfect pullback.
Intellectia Proprietary Trading Signals
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock today.
Technical Analysis
Trend/structure: Bullish trend intact with SMA_5 > SMA_20 > SMA_200, suggesting buyers remain in control.
Momentum: MACD histogram is positive (0.459) but “positively contracting,” implying upside momentum is still present but slowing (risk of short-term consolidation).
RSI: RSI_6 at 63.4 is neutral-to-slightly-warm (not overbought), consistent with a continuing uptrend rather than exhaustion.
Key levels: Pivot 59.717 is the key near-term line for trend support. Resistance levels sit at R1 62.3 and R2 63.895. With price ~61.03, upside room to R1 is modest, but a break/hold above 62.3 would open the path toward ~63.9.
Pattern-based odds: Similar-pattern study shows a 70% chance of ~-1.36% next day (possible near-term dip/consolidation), but positive bias over 1 week (+1.09%) and 1 month (+2.96%).