Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 6	A	Weak or Absent	Up	Up	Up	1.50%
Sep 5	A	Weak or Absent	Up	Up	Up	1.28%
Sep 4	A	Weak or Absent	Up	Up	Up	1.93%
Aug 30	C	Weak or Absent	Up	Up	Flat	5.09%
Aug 29	C	Weak or Absent	Up	Up	Flat	5.09%
Aug 28	B	Weak or Absent	Up	Up	Flat	4.63%
Aug 27	B	Weak or Absent	Up	Up	Up	3.94%
Aug 26	B	Weak or Absent	Up	Up	Up	3.71%
Aug 23	B	Weak or Absent	Up	Up	Up	4.86%
Aug 22	B	Weak or Absent	Up	Up	Flat	6.03%