MILLICOM INTL CELLULAR S.A. (TIGO) Stock Technical Analysis
NASDAQ:TIGO - Nasdaq - LU0038705702 - Common Stock
Overall TIGO gets a technical rating of 9 out of 10. TIGO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that TIGO is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by TIGO over the past year are nicely spread over this period.
TIGO is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 90% of 22 stocks in the same industry.
TIGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TIGO is lagging the market slightly.
In the last month TIGO has a been trading in the 23.61 - 27.98 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TIGO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.60
28.94
2 important support areas can be observed.
- A support zone ranging from 25.52 to 25.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.84 to 24.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.84 from a horizontal line in the weekly time frame.
- Resistance @28.65 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.28
Mansfield0.6
10 Day High27.98
10 Day Low23.61
20 Day High27.98
20 Day Low23.61
52 Week High28.75
52 Week Low15.55
Performance
1 Week13.71%
2 Weeks12.13%
1 Month13.1%
3 Month-0.97%
6 Month11.81%
12 Month54.82%
2 Year61.57%
3 Year2.16%
5 Year-41.32%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.38
RSI(14)68.45
LBB23.06
UBB27.66
MILLICOM INTL CELLULAR S.A.
NASDAQ:TIGO (1/21/2025, 8:00:02 PM)
Premarket: 27.5 +0.05 (+0.18%)27.45
+0.44 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg1.63%
1 Week13.71%
2 Weeks12.13%
1 Month13.1%
3 Month-0.97%
6 Month11.81%
12 Month54.82%
2 Year61.57%
3 Year2.16%
5 Year-41.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%2.42%
ATR Inc-10.54%
Range Today0.86
ADR(20)0.46
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.28
Mansfield0.6
10 Day High27.98
10 Day Low23.61
20 Day High27.98
20 Day Low23.61
52 Week High28.75
52 Week Low15.55
CS1 End25.8
CR1 Start27.84
Volume & EV
DER(3)1.12%
DER(5)2.37%
Volume597.10K
Volume Incr167.9%
Vol(5)491.46K
Vol(50)187.77K