Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 3	A	Weak or Absent	Up	Up	Up	-1.85%
May 31	A	Weak or Absent	Up	Up	Up	0.07%
May 30	A	Weak or Absent	Up	Up	Up	0.94%
May 29	B	Weak or Absent	Up	Up	Flat	3.42%
May 28	A	Weak or Absent	Up	Up	Up	2.50%
May 24	B	Weak or Absent	Up	Up	Flat	3.89%
May 23	B	Weak or Absent	Up	Up	Flat	3.89%
May 22	B	Weak or Absent	Up	Up	Up	2.96%
May 21	B	Weak or Absent	Up	Up	Up	1.83%
May 20	B	Weak or Absent	Up	Up	Flat	3.89%