Analysis for Telecom Italia

Technical asset picture

Telecom Italia (TIT.MI) currently has a total score of 55 points, placing it in the neutral range. The score is made up of Performance (46), Stability (48) and Trend (88). The profile is clearly uneven: Trend stands out while Performance is more neutral.

Performance scores 46 points (neutral). Key strength: 1Y return at 98.2 %. Weaker metric: 10Y return at -25.4 %. This points to a sharper upswing more recently.

Stability scores 48 points (neutral). Key strength: return/volatility ratio at 3.02. Weaker metric: max drawdown (10Y) at -86.5 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.

Trend scores 88 points (very strong). Key strength: 12M momentum at 95.5 %. Even the weakest metric remains solid in absolute terms: SMA50 distance at 2.5 %.

Overall, the picture is mixed: Trend does the heavy lifting while Performance holds the score back. On a metric level, return/volatility ratio stands out, while max drawdown (10Y) is the main weak spot.

Current market backdrop

The backdrop currently looks mixed and rather restrictive.

A strong US dollar currently paints a mixed risk picture.

High US real yields and elevated long yields lean toward a restrictive rate backdrop.

What that typically means here

For tech, growth, and communication-services assets, higher real yields and a stronger US dollar typically lean headwind.