Telecom Plus (TEP)

Sell: 1,794.00p

Buy: 1,816.00p

Change: 10.00p | 0.56%

Last updated 16:35 14/05/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Strong Bullish
Medium term:

Neutral
Long term:

Strong Bullish

Short term comment

Technical bias can be considered bullish but very close to the support and critical area that today generates the upward guideline in 1485.5 levels. The 1485.5 - 1460 range represents an area of ??greater neutrality, so the loss of 1485.5 would prevent a bullish rating.

Long term comment

Although on the 29th of february lows at 1356.000 were reached, lower levels than the previous reference lows in january 2023 at 1542.650, the current bullish trend has been able to rebound, thus advancing by 25.1% and above, again, both levels, with highs, at the moment, in quotas of 1696.000.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
1634.0000	1658.0000	1668.0000	1692.0000	1706.0000	1730.0000

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/04/2024	Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
High priority	24/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	23/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	23/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	22/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	22/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	19/04/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.

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