Trend Table for TEF - Telefonica SA

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 9	B	Weak or Absent	Up	Up	Up	13.87%
Jan 8	B	Weak or Absent	Up	Up	Up	12.48%
Jan 5	A	Weak or Absent	Up	Up	Up	13.87%
Jan 4	A	Weak or Absent	Up	Up	Up	15.00%
Jan 3	C	Weak or Absent	Up	Up	Flat	17.04%
Jan 2	B	Weak or Absent	Up	Up	Flat	16.74%
Dec 29	F	Weak or Absent	Flat	Flat	Down	18.54%
Dec 28	D	Weak or Absent	Flat	Flat	Down	18.23%
Dec 27	D	Weak or Absent	Up	Up	Down	17.33%
Dec 26	D	Weak or Absent	Up	Up	Flat	16.45%