While this happened, Morgan Stanley initiated its Millicom International Cellular S.A [TIGO] rating to an Equal-weight in a research note published on January 29, 2025; the price target was $32. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Scotiabank also remained covering TIGO and has increased its forecast on September 20, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating.
Price Performance Review of TIGO
On Tuesday, Millicom International Cellular S.A [NASDAQ:TIGO] saw its stock jump 1.52% to $33.97. Over the last five days, the stock has lost -0.15%. Millicom International Cellular S.A shares have risen nearly 35.83% since the year began. Nevertheless, the stocks have risen 61.38% over the past one year. While a 52-week high of $34.68 was reached on 04/30/25, a 52-week low of $21.31 was recorded on 01/13/25. SMA at 50 days reached $30.09, while 200 days put it at $27.20.
Levels Of Support And Resistance For TIGO Stock
The 24-hour chart illustrates a support level at 33.42, which if violated will result in even more drops to 32.87. On the upside, there is a resistance level at 34.27. A further resistance level may holdings at 34.56. The Relative Strength Index (RSI) on the 14-day chart is 66.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.17%. Stochastics %K at 82.28% indicates the stock is a selling.
