TE Connectivity Shares Drop Below 200-Day Moving Average

Shares of TE Connectivity plc have dropped below their 200-day moving average, raising concerns among investors. The stock is currently down about 1.4% on the day, with a trading range illustrating a significant dip from its yearly high.

Date: 18-12-2024

AI Rating: 5

TE Connectivity plc (Symbol: TEL) has recently crossed below its 200-day moving average of $148.01, trading as low as $147.06 per share, which indicates a bearish trend. The current trading price of TEL is $147.95, slightly above its recent low.

This performance may raise red flags for investors as crossing below the 200-day moving average often signals a potential downturn or correction. A look at TEL's 52-week performance shows a low of $128.52 and a high of $159.98, indicating that the stock is currently near the lower percentage of its yearly range. The drop of about 1.4% on the day further emphasizes a negative sentiment among traders.

Stocks: TEL