T-MOBILE US INC (NASDAQ:TMUS) Technical Analysis observations.

Our stock screener has detected a potential breakout setup on T-MOBILE US INC (NASDAQ:TMUS). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NASDAQ:TMUS.

Technical analysis of NASDAQ:TMUS

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to TMUS. In the last year, TMUS was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, TMUS did better than 80% of all other stocks. On top of that, TMUS also shows a nice and consistent pattern of rising prices.
• TMUS is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 76% of 22 stocks in the same industry.
• In the last month TMUS has a been trading in the 208.39 - 224.67 range, which is quite wide. It is currently trading near the high of this range.
• TMUS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TMUS is lagging the market slightly.

Our latest full technical report of TMUS contains the most current technical analsysis.

Why is NASDAQ:TMUS a setup?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:TMUS is 9:

Besides having an excellent technical rating, TMUS also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 217.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TMUS in the last couple of days, which is a good sign.

Trading setups like NASDAQ:TMUS

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.