Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 24	A	Weak or Absent	Up	Up	Up	6.50%
Jul 23	B	Weak or Absent	Up	Up	Up	6.50%
Jul 22	A	Weak or Absent	Up	Up	Up	4.86%
Jul 19	B	Weak or Absent	Up	Up	Up	5.79%
Jul 18	B	Weak or Absent	Up	Up	Up	5.56%
Jul 17	D	Weak or Absent	Up	Up	Up	7.71%
Jul 16	D	Weak or Absent	Up	Up	Up	9.20%
Jul 15	C	Weak or Absent	Up	Up	Up	9.20%
Jul 12	C	Weak or Absent	Up	Up	Up	7.71%
Jul 11	C	Weak or Absent	Up	Up	Up	8.45%