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Uptrend Broken SupportArchive
- 4/5/2024 -
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T-Mobile U (TMUS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the T-Mobile U (TMUS). During the week, the TMUS dropped -2.11 points, or -1.29%, and closed at 161.11 on Friday, April 5, 2024. Weekly volume was -32% below 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 148.75 and resistance is at 171.95. 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 22, 2024 at 158.84 and reached 164.52 on April 4, 2024. TMUS gained -5.68 points, or -3.58%, in 13 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (162.37) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
Daily Technical Indicators: [See TMUS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 4, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.08% on Friday. It is 54.09% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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