Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 1	A	Weak or Absent	Up	Up	Up	18.32%
Nov 30	B	Weak or Absent	Up	Up	Up	19.99%
Nov 29	B	Weak or Absent	Up	Up	Up	21.12%
Nov 28	B	Weak or Absent	Up	Up	Up	22.28%
Nov 27	B	Weak or Absent	Up	Up	Up	23.46%
Nov 24	B	Weak or Absent	Up	Up	Up	23.46%
Nov 22	C	Weak or Absent	Up	Up	Up	24.36%
Nov 21	C	Weak or Absent	Up	Up	Up	25.58%
Nov 20	C	Weak or Absent	Up	Up	Up	24.36%
Nov 17	C	Weak or Absent	Up	Up	Up	26.82%