Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 26	B	Weak or Absent	Up	Up	Up	22.24%
Jul 25	B	Weak or Absent	Up	Up	Up	24.92%
Jul 24	B	Weak or Absent	Up	Up	Up	24.31%
Jul 21	B	Weak or Absent	Up	Up	Up	25.22%
Jul 20	B	Weak or Absent	Up	Up	Up	26.15%
Jul 19	D	Weak or Absent	Up	Up	Up	27.09%
Jul 18	D	Weak or Absent	Up	Flat	Flat	28.04%
Jul 17	C	Weak or Absent	Up	Up	Up	26.15%
Jul 14	C	Weak or Absent	Up	Flat	Up	27.40%
Jul 13	D	Weak or Absent	Up	Up	Up	26.77%