Telephone and Data Systems Inc

Despite a long-term uptrend, TDS is in a structural Stage 4 decline with medium-term bearish bias as price forms consecutive lower highs and lower lows. Short-term extreme oversold conditions signal a potential relief bounce, making immediate selling inadvisable. The optimal engagement is to defer selling into relief rallies toward the descending 9/21 EMAs or prior support zones, executing on rejection. Sustained rallies above these EMAs would invalidate the medium-term bearish case.

• ↑Added 40,000 new fiber addresses in Q1 2026, ~3× Q1 2025 volume
• ↑Achieved 11,000 residential fiber net adds (+32% YoY) in Q1
• ↓Q1 2026 revenue of $285 million, down 3% YoY