Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 19	A	Weak or Absent	Up	Up	Up	8.27%
Apr 18	A	Weak or Absent	Up	Up	Flat	9.55%
Apr 17	A	Strong	Up	Flat	Down	10.86%
Apr 16	B	Strong	Up	Down	Down	11.94%
Apr 15	B	Strong	Up	Flat	Down	11.40%
Apr 12	B	Strong	Up	Flat	Down	10.86%
Apr 11	B	Strong	Up	Up	Down	10.07%
Apr 10	B	Strong	Up	Up	Down	8.27%
Apr 9	C	Strong	Up	Up	Down	7.26%
Apr 8	C	Strong	Up	Up	Down	6.52%