Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 21	B	Weak or Absent	Up	Up	Up	5.32%
Aug 20	B	Weak or Absent	Up	Up	Up	4.86%
Aug 19	A	Weak or Absent	Up	Up	Up	3.94%
Aug 16	B	Weak or Absent	Up	Up	Up	5.32%
Aug 15	B	Weak or Absent	Up	Up	Up	6.74%
Aug 14	A	Weak or Absent	Up	Up	Up	6.03%
Aug 13	B	Weak or Absent	Up	Up	Flat	6.98%
Aug 12	B	Weak or Absent	Up	Up	Down	7.71%
Aug 9	B	Weak or Absent	Up	Up	Down	7.47%
Aug 8	B	Weak or Absent	Up	Up	Down	7.71%