Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	D	Weak or Absent	Up	Up	Up	0.91%
Jul 16	D	Weak or Absent	Up	Up	Up	2.30%
Jul 15	C	Weak or Absent	Up	Up	Up	2.30%
Jul 12	C	Weak or Absent	Up	Up	Up	0.91%
Jul 11	C	Weak or Absent	Up	Up	Up	1.60%
Jul 10	C	Weak or Absent	Up	Flat	Up	2.77%
Jul 9	D	Weak or Absent	Up	Down	Flat	4.71%
Jul 8	D	Weak or Absent	Up	Down	Down	4.95%
Jul 5	C	Weak or Absent	Up	Down	Flat	3.73%
Jul 3	D	Weak or Absent	Up	Down	Flat	4.71%