Will TMUS Stock Price Reach $150?

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

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TMUS stock price may reach the recovery level of $150 and sustain there if it follows through the recovery plan, as per analysts. TMUS shares could recover maximum during 2023. 

If TMUS stock price sustains above $130 level, then TMUS may surge towards the recovery level of $140 (the second milestone). However, at present TMUS share price is at a crucial make-or-break situation, TMUS shares may break out of the primary resistance level of $133 or it breaks down to slump below $130 towards the demand zone.

If T-Mobile US, Inc. (NASDAQ: TMUS) stock price breaks out from the primary resistance level, then it may reach the $150 mark according to the analysts. At first, TMUS share must rise above $130 to reach the $140 recovery level. If that happens, it may level up to be at $150 by the end of 2023 or even before. Investors in TMUS shares need to wait for any directional change over the daily time frame chart. 

TMUS stock price was at $132.80 and has lost 1.15% of its market capitalization intraday. Trading volume is below average at 5.331 Million and needs to grow above the average of 6.961 Million for TMUS share price to sustain above $130 and surge. 

TMUS Stock Price to $150 – Analyst Insights

TMUS stock price has been trying to break out of the primary resistance of $133 but couldn’t sustain and now is the time for TMUS to surge from here. TMUS needs to attract more buyers by the opening of Monday’s trading session. Meanwhile, TMUS share price is trying to sustain at 20-EMA to reach the 50, 100 and 200-days Daily Moving Averages.

Analysts on TradingView are giving a strong-buy signal for TMUS shares. Buyers may accumulate on Monday to increase the price of TMUS stock. Moreover, TMUS share price has surged around 1.25% in a week. 

TMUS Stock Price: Technical Indications

Technical indicators are pretty divergent over the price action of TMUS stock price over the daily time frame chart. Relative strength index (RSI) showcases the downtrend of TMUS shares. RSI was at 46 and is struggling below neutrality facing towards the oversold territory.

MACD exhibits the upward velocity of TMUS stock price. The MACD line is above the signal line after a positive crossover. Investors in TMUS share price needs to wait for any directional change over the daily time frame chart.

Summary

TMUS stock price may reach the recovery level of $150 and sustain there or even surge further, if it follows through with the recovery plan, per analysts. Meanwhile, TMUS share price is trying to sustain at 20-EMA to reach the 50, 100 and 200-days Daily Moving Averages. 

Technical indicators are pretty divergent over the price action of TMUS stock price over the daily time frame chart. Investors in TMUS share price needs to wait for any directional change over the daily time frame chart.

Technical Levels

Resistance Levels: $133.90 and $140.00

Support Levels: $131.00 and $130.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.