Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 24	A	Strong	Up	Up	Up	11.40%
Jan 23	A	Weak or Absent	Up	Up	Up	11.40%
Jan 22	A	Weak or Absent	Up	Up	Up	10.86%
Jan 19	B	Weak or Absent	Up	Up	Up	11.94%
Jan 18	B	Weak or Absent	Up	Up	Flat	13.31%
Jan 17	A	Weak or Absent	Up	Up	Up	13.03%
Jan 16	A	Weak or Absent	Up	Up	Up	12.48%
Jan 12	B	Weak or Absent	Up	Up	Up	13.59%
Jan 11	B	Weak or Absent	Up	Up	Up	13.31%
Jan 10	B	Weak or Absent	Up	Up	Up	13.59%