Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Weak or Absent	Up	Up	Flat	10.89%
May 23	B	Weak or Absent	Up	Up	Flat	10.89%
May 22	B	Weak or Absent	Up	Up	Up	9.90%
May 21	B	Weak or Absent	Up	Up	Up	8.69%
May 20	B	Weak or Absent	Up	Up	Flat	10.89%
May 17	B	Weak or Absent	Up	Up	Flat	10.64%
May 16	C	Weak or Absent	Up	Up	Down	11.39%
May 15	B	Weak or Absent	Up	Up	Flat	9.90%
May 14	C	Weak or Absent	Up	Up	Down	11.14%
May 13	C	Weak or Absent	Up	Up	Down	12.15%