Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 21	A	Weak or Absent	Up	Up	Up	18.32%
Sep 20	A	Weak or Absent	Up	Up	Up	18.32%
Sep 19	A	Weak or Absent	Up	Up	Up	19.71%
Sep 18	A	Weak or Absent	Up	Up	Up	20.55%
Sep 15	A	Weak or Absent	Up	Up	Up	22.57%
Sep 14	A	Weak or Absent	Up	Up	Up	22.28%
Sep 13	A	Weak or Absent	Up	Up	Up	22.28%
Sep 12	A	Weak or Absent	Up	Up	Up	21.70%
Sep 11	A	Weak or Absent	Up	Up	Up	22.57%
Sep 8	A	Weak or Absent	Up	Up	Flat	25.27%