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T- MOBILE US ( TMUS ) STOCK ANALYSIS : WHEN THE CORRECTION WILL OVER

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  • T-MOBILE IS CONSOLIDATING ON HIGHER LEVELS SINCE 1 YEAR.
  • REVENUE DECLINED SLIGHTLY PREVIOUS YEAR AND EXPECTED TO DECLINE FURTHER IN THIS YEAR.
  • NET INCOME DECLINED SLIGHTLY IN PREVIOUS TWO YEARS BUT CAN INCREASE MARGINALLY THIS YEAR.

MARKET CAPITAL OF T- MOBILE US – $161. 50 M

CURRENT MARKET PRICE OF T-MOBILE US –  $ 137 .28 

T-MOBILE US is consolidating on a higher level ahead of the annual outcome as the market is expecting that the result will be positive this year. EPS is also expecting to rise in this year but the only concern is declining revenue.

In the previous result company posted a declined revenue and profit which create some pressure in this counter and halted a uptrend as the stock was continuously growing form last 10 years. 

T- MOBILE US ( TMUS ) STOCK ANALYSIS : WHEN THE CORRECTION WILL OVER

On a daily time frame the price is forming a rising trendline and the support is present near to the levels $ 132 and the resistance level is standing near to the level $151.98 and $154.19. The price is forming a rising wedge pattern which is a bullish pattern.

T- MOBILE US ( TMUS ) STOCK ANALYSIS : WHEN THE CORRECTION WILL OVER

Price is trading below the EMAs i.e 50, 100 and 200  on daily time frame which is a bearish sign and the EMAs is moving flat which means the price is trading in a sideways range as per both price action and indicator. 

Where the support and resistance stands for the stock

T- mobile is swinging on both ways as we can see on the chart where the stock is playing between a range, where the resistance stands near $139- $142 and support is present near the levels $132- $ 131.

There is no surprise in volumes as price is sideways so the buyers are talking position on bottom levels and selling near to the resistance levels as the volumes are flat and are showing a spike near to the support and resistance levels.

Recently the stock witnessed some volatility as the price moved more than 4% intraday for two consecutive days on both sides and there is possibility of an exchange in hands.

CONCLUSION :-

As the price is sideways since a year and  consolidating on higher levels and as per the reports published by the Zacks Investment research firm there will be some improvement in financial performance of the company which can provide some necessary boost to the performance .

As per the technicals for the major move market should end the consolidation and for that it has crossed the levels $154 comfortably on upside or should breach $120 levels on the lower side.

TECHNICAL LEVELS :- 

RESISTANCE –  $ 139 – $142

SUPPORT – $ 131- $ 132

PAST PERFORMANCE OF THE STOCK :- 

1 WEEK – 0.42 %

1 MONTH – 1.03 %

1 YEAR – – (5 .61 ) %

DISCLAIMER-

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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