Telstra Corporation Ltd (TLS.AX): Ichimoku Levels in Focus

Shares of Telstra Corporation Ltd (TLS.AX) opened the last session at $3.20, touching a high of $3.23 and a low of $3.185 , yielding a change of …

Shares of Telstra Corporation Ltd (TLS.AX) opened the last session at $3.20, touching a high of $3.23 and a low of $3.185 , yielding a change of -0.010. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal for the equity.

There are plenty of technical indicators that traders can choose to follow. With so many different signals to follow, traders may choose to focus on a small number of indicators to start. Many technical analysts will use a combination of different signals in order to help identify the best entry and exit points of a trade. Becoming a master at spotting trends and creating charts may seem impossible for the novice investor. Taking the time to fully understand the methods behind the indicators may help the trader with trying to sort everything out. Studying up on the theory behind some of the more popular indicators may help the trader understand exactly what they are doing when setting up their charts.

The Ichimoku cloud is a favorite technical indicator used primarily in Asian markets. The cloud is one of the only indicators that is both forward and backward looking. The cloud produces better levels of support and resistance and is a breakout trader’s best friend. The cloud is also one of the easiest indicators to use. Any trader, regardless of skill level or expertise, can use the cloud to quickly and efficiently analyze any product on any time frame. The cloud shines in the fact that it can be universally applied to any trading plan by any trader.

It is a type of chart used in technical analysis to display support and resistance, momentum, and trend in one view. TenkanSen and KijunSen are similar to moving averages and analyzed in relationship to one another. When the shorter term indicator, TenkanSen, rises above the longer term indicator, KijunSen, the securities trend is typically positive. When TenkanSen falls below KijunSen, the securities trend is typically negative. TenkanSen and KijunSen as a group are then analyzed in relationship to the Cloud, which is composed of the area between Senkou A and Senkou B. A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.

Checking on some popular technical levels, Telstra Corporation Ltd (TLS.AX) has a 14-day Commodity Channel Index (CCI) of 48.96. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory. CCI may also be used to help discover divergences that may signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal.

Tracking other technical indicators, the 14-day RSI is presently standing at 57.98, the 7-day sits at 58.90, and the 3-day is resting at 53.47 for Telstra Corporation Ltd (TLS.AX). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 3.21.

Inexperienced investors may have the tendency to purchase stocks that have recently been on a big run higher. This may be a result of not paying close attention to the fundamentals, or simply hoping that the stock will continue the move higher. Buying after a big move to the upside may mean that the investor is essentially paying too much for the stock at those levels. Sometimes a stock will take off and get too far ahead of its underlying value which may result in the price being overvalued. Keeping a close eye on the fundamentals may be a good way for the investor to know where the stock stands at any point in time.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Telstra Corporation Ltd (TLS.AX) is currently at 16.09. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Just-released reportnames Cannabis Stock of the Year for 2019!Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that isunlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more.Click here to receive your Free Report immediately!

Related Posts:

  • No Related Posts

Telstra Corporation Ltd (ASX:TLS) Dividend – Will It Be Cut Again?

For many years, Telstra Corporation Ltd (ASX: TLS) has been a stalwart in investors’ portfolios for its reliable and juicy dividend, especially those …

For many years, Telstra Corporation Ltd (ASX: TLS) has been a stalwart in investors’ portfolios for its reliable and juicy dividend, especially those looking for income such as retirees.

However, in the 2017-18 financial year Telstra slashed its dividend citing earnings headwinds from the NBN as it lost some of its competitive advantage which has been previously detailed here. Telstra’s dividend was cut by 29% from 31 cents per share (cps) to just 22cps in FY18. The share price too has fallen from $5.10 at the start of 2017, to a low of $2.57 in June 2018.

Will Telstra Lose Other Competitive Advantages?

One other advantage Telstra has had for a long time is that it boasts the superior mobile network in the country which competitors such as Optus, TPG Telecom Ltd (ASX: TPM), Vocus Group Ltd (ASX: VOC) and Vodafone Australia or Hutchinson Telecommunications Ltd (ASX: HTA) have not been able to compete with in terms of quality or reliability.

Part of the reason for Telstra’s dominance is due to its financial firepower or reliable cash flows which have been used to invest in mobile infrastructure that its competitors simply could not match.

Will There Be Another Mobile Competitor?

Aside from Optus and Vodafone Australia, TPG looms as a potential competitor in the mobile space that must be respected, especially if a joint venture with Vodafone Australia is given the green light by the ACCC. Or will TPG take its bat and ball and refuse to play?

Dividends Forecast To Be Cut

Telstra chief executive Andy Penn previously said Telstra would move away from a 100% dividend payout ratio to a range between 70% and 90%. Analysts are expecting earnings to decline over the next few years so investors should also expect the dividend to follow suit. Morningstar has a forecast dividend of 15.9cps.

From 2,000 to 2 ASX Growth Shares

After searching through a market with over 2,000 shares, our expert investment analyst has narrowed it down to just 2 of his favourite rapid-growth shares in a FREE report to Rask Media readers.

Over the past five years, these two shares have gone from being ‘tiny caps’ to being serious contenders for the ASX 200.

Idea #1 is taking on the world, starting with the huge USA market. In a just a few short years the company has snatched market share away from rivals and is on its way to being the market leader.

Idea #2 uses a ‘printer and cartridge’ type model to get large and established customers: a) using their healthcare industry-leading product, b) paying for it again and again and again… so it’s little wonder this company is tipped to grow at a rapid pace in 2019.

Access the free report by clicking here now. Absolutely no credit card or payment details required.


Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

Related Posts:

  • No Related Posts

Telstra ends contract with Rubicor after superannuation woes

TELSTRA has severed its contract with labour-hire company Rubicor, leaving the super payments of about 60 employees at a Maryborough call centre …

TELSTRA has severed its contract with labour-hire company Rubicor, leaving the super payments of about 60 employees at a Maryborough call centre uncertain.

It comes weeks after the Chronicle revealed Rubicor staff employed at the Telstra site had not been paid their superannuation entitlements.

Telstra sought a written undertaking from Rubicor that all unpaid superannuation would be paid by the end of last week.

But a Telstra spokesman told the Chronicle yesterday the request “was not met” and the agreement was terminated as a result.

This is despite a Rubicor spokesman claiming the Maryborough site employees’ superannuation contributions were paid on March 1.

“We’re currently working through a transition plan with Rubicor and their employees,” the Telstra spokesman said.

“We remain hopeful that Rubicor will honour the remaining unpaid superannuation payments.”

A Rubicor Workforce spokesman said “following Telstra Corporation Ltd’s review of current suppliers, effective Saturday April 27 Rubicor Workforce will no longer be a supplier of casual staff to Telstra.”

The Chronicle understands staff employed through Rubicor at the Telstra centre will be given the opportunity to move to the new provider, being sought by Telstra.

Another contract is expected to be offered to the staff.

The sudden announcement coincides with a report finding thousands of Wide Bay workers are missing out on about $2000 in superannuation entitlements every year.

Industry Super Australia’s analysis of the latest tax office regional employment revealed 65,830 workers in the Wide Bay and Sunshine Coast regions (about 33.3 per cent of workers) were underpaid superannuation by an average of $1845 in 2015-16.

Collectively, the workers were underpaid more than $121million in super.

Related Posts:

  • No Related Posts

Telstra Corporation Ltd (TLS.AX) Shares Crawl 12.20% Higher (13-Weeks)

Telstra Corporation Ltd (TLS.AX) shares have continued their upward march, moving 12.20% higher over the past quarter. The stock has clocked in a …

Telstra Corporation Ltd (TLS.AX) shares have continued their upward march, moving 12.20% higher over the past quarter. The stock has clocked in a change of 2.88% most recently for the past week. In taking a look at recent performance, we can see that shares have moved 0.94% over the past 4-weeks, 6.62% over the past half year and -3.88% over the past full year.

Investors are constantly on the lookout for that next great stock pick. Finding that particular stock that had been overlooked by the rest of the investing community can bring great satisfaction to the individual investor. Spotting these stocks may take a lot of time and effort, but the rewards may be well worth it. Knowledge is power, and this principle also translates over to the equity market. Investors who are able to dig a little bit deeper may be setting themselves up for much greater success in the long run. These days, investors have access to a wide range of information. Trying to filter out the important information can be a key factor in portfolio strength. Knowing what data to look for and how to trade that information is extremely important. Successful investors are typically able to focus their energy on the right information and then apply it to a trading strategy.

Technical analysts have been monitoring shares of Telstra Corporation Ltd (TLS.AX) as of late. The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. Presently, the 14-day RSI is standing at 59.24, the 7-day is 63.50, and the 3-day is resting at 77.41.

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis. Currently, the 14-day ATR for Telstra Corporation Ltd (TLS.AX) is spotted at 0.06. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Telstra Corporation Ltd (TLS.AX) is noted at 17.50. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Telstra Corporation Ltd (TLS.AX) currently has a 14 day Williams %R of -17.65. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

Telstra Corporation Ltd (TLS.AX) currently has a 14-day Commodity Channel Index (CCI) of 61.06. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

As most investors know, the stock market can be a highly volatile place. Investors often have to figure out a way that they can personally stay on track so they don’t veer of course. Sticking to a well-researched trading strategy may work for some people. Others may jump into the market head first without too much planning and hope to gain profits by learning as they go. The stock market learning curve may be vastly different for individuals depending on their circumstances and backgrounds. What’s good for one person may not be good for another. When the markets are rising steadily and running along smoothly, investors may feel like they can do no wrong when it comes to picking stocks. People who become overconfident in their abilities may be faced with a harsh reality when the market shifts and momentum builds to the downside. Investors who are prepared for any economic situation might be able to much better ride out the storm when the time comes.

Related Posts:

  • No Related Posts

Unusual Activity Spotted in Telstra Corporation Ltd (TLS.AX) as Shares Move -0.31%

Shares of Telstra Corporation Ltd (TLS.AX) are moving on volatility today -0.31% or -0.010 from the open. The ASX listed company saw a recent bid of …

Shares of Telstra Corporation Ltd (TLS.AX) are moving on volatility today -0.31% or -0.010 from the open. TheASX listed company saw a recent bid of 3.22 and 25029407 shares have traded hands in the session.

Investors may already be plotting the course for the next few quarters. Many investing decisions may need to be made after the next round of company earnings reports are released. Studying the numbers can help the investor see whether or not the stock’s prospects look good in the near term as well as the longer term. It remains to be seen whether optimism in the stock market will continue into the next year. Investors will closely be monitoring the major economic data reports over the next couple of months. While nobody can be sure which way the momentum will shift, preparing for multiple market scenarios may greatly help the investor if changes start to occur.

Taking a deeper look into the technical levels of Telstra Corporation Ltd (TLS.AX), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -17.65. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Telstra Corporation Ltd (TLS.AX) is sitting at 17.50. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 2.99, the 50-day is 3.06, and the 7-day is resting at 3.17. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

Telstra Corporation Ltd (TLS.AX) currently has a 14-day Commodity Channel Index (CCI) of 61.06. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Telstra Corporation Ltd’s 14-day RSI is currently at 59.24, the 7-day stands at 63.50, and the 3-day is sitting at 77.41.

Learning to secure profits from trading the stock market can involve a lot of diligent work and focus. The more experienced a trader becomes, they may be find it easier to follow good trading techniques. Having a plan may be one of the most important aspects for trading the equity market. Without a plan, traders may find themselves in a bind when faced with difficult real world decisions. When these decisions have a direct impact on profits and losses, traders need to be able to make sure that they make the best possible moves in order to avoid disaster.

Related Posts:

  • No Related Posts