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- 11/22/2024 -
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T-Mobile U (TMUS) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was a first positive week for the T-Mobile U (TMUS). During the week, the TMUS gained 2.70 points, or 1.15%, and closed at 238.30 on Friday, November 22, 2024. Weekly volume was -36% below average.

TMUS is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See TMUS long-term trend chart]
A long-term uptrend had started on June 2, 2023 at 124.92 and reached 242.40 on November 14, 2024. TMUS gained -117.48 points, or -94.04%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (185.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See TMUS medium-term trend chart]
A medium-term uptrend had started on March 22, 2024 at 158.84 and reached 242.40 on November 14, 2024. TMUS gained -83.56 points, or -52.61%, in 33 weeks. Price is near the trend high.

Weekly Technical Indicators: [See TMUS weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 31, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 July 30, 2024 at 173.74 and reached 242.40 on November 14, 2024. TMUS gained -68.66 points, or -39.52%, in 107 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 233.25 and resistance is at 248.28. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See TMUS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.83
Williams' Percentage Range (W%R) 30.10
Lane's Stochastic (%D-Slow) 41.98
Greed/Fear Indicator (GFI) 60.89
Moving Average Converg./Diverg. (MACD) 5.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.75
Overbought
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 87.21
Overbought
Greed/Fear Indicator (GFI) 81.01
Overbought
Moving Average Converg./Diverg. (MACD) 13.14
Trading Signals
Description Value Chart
Weekly Trendline Resistance 248.28
Upper Bollinger Band 243.80
Parabolic System 242.06
Price 238.30
Weekly Stochastic Crossing 237.06
Daily Stochastic Crossing 236.42
Weekly Trendline Support 233.25
20 Day Moving Average 232.33
Lower Bollinger Band 220.00
50 Day Moving Average 219.60
Quarterly Trendline Resistance 198.57
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Wireless Telecommunication Services 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 242.40
High Date 11/14/2024
Low 232.80
Low Date 11/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 248.28
Support 233.25
Low 173.74
Low Date 07/30/2024
High 242.40
High Date 11/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 158.84
Low Date 03/22/2024
High 242.40
High Date 11/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 198.57
Support 185.71
Low 124.92
Low Date 06/02/2023
High 242.40
High Date 11/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.51
Low Date 01/21/2022
High 242.40
High Date 11/14/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.