T-Mobile US (TMUS) declined in its latest intraday trading, under the dominance of a primary short-term downtrend with movement aligned to a descending minor trendline supporting this path. Persistent negative pressure continues as the stock trades below its 50-day simple moving average, and additionally, a clear bearish divergence has formed on the Relative Strength Indicators after they reached extremely overbought levels, exaggerated relative to the price action, with fresh negative signals emerging.

 

Therefore, we expect the stock to decline in the upcoming trading sessions, as long as resistance at the price level of $218.35 remains intact, targeting the key support level of $199.40.

 

Today’s price forecast: Bearish