Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Weak or Absent	Up	Up	Flat	3.65%
May 16	C	Weak or Absent	Up	Up	Down	4.35%
May 15	B	Weak or Absent	Up	Up	Flat	2.96%
May 14	C	Weak or Absent	Up	Up	Down	4.12%
May 13	C	Weak or Absent	Up	Up	Down	5.07%
May 10	C	Weak or Absent	Up	Up	Down	5.79%
May 9	C	Weak or Absent	Up	Up	Down	4.35%
May 8	B	Strong	Up	Up	Down	4.12%
May 7	A	Strong	Up	Up	Up	1.38%
May 6	A	Strong	Up	Up	Up	1.38%