TELENOR ASA (TEL.OL) Stock Technical Analysis
OSL:TEL - Euronext Oslo - NO0010063308 - Common Stock - Currency: NOK
We assign a technical rating of 10 out of 10 to TEL. Both in the recent history as in the last year, TEL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TEL did better than 77% of all other stocks. We also observe that the gains produced by TEL over the past year are nicely spread over this period.
TEL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TEL has a been trading in the 156.70 - 166.90 range, which is quite wide. It is currently trading near the high of this range.
TEL has an average volume of 1079270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TEL is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, TEL did better than 65% of them.
Although TEL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
134.27
168.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 161.86 to 163.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 156.70 to 159.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 149.70 to 153.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @135.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 166.91 to 166.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TEL.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TEL.OL is up. |
| ChartMill Relative Strength | 77.38 | POSITIVE | TEL.OL has a high relative strength, it outperformed 77.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEL.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.4 | NEUTRAL | The RSI value for TEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests TEL.OL has a positive trend. |
| Stochastics (14,3) | 98.73 | OVERBOUGHT | The high Stochastics value suggests TEL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for TEL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 34.62 | POSITIVE | The high ADX value value for TEL.OL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 166.92 | 161.85 | 5.07 (3.04%) | 25.00% |
| An entry @166.92. This is a Buy Stop order right above the resistance zone. | An exit @161.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.07 points, which is 3.04%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:TEL (8/21/2025, 11:40:35 AM)
165.7
-1.2 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-0.72%
1 Week2.14%
2 Weeks2.83%
1 Month3.6%
3 Month8.03%
6 Month18.2%
12 Month29.78%
2 Year46.53%
3 Year53.12%
5 Year17.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%1.24%
ATR Inc-23.64%
Range Today1.1
ADR(20)2.03
ADR(20)%1.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.38
Mansfield0.71
10 Day High166.9
10 Day Low159.7
20 Day High166.9
20 Day Low156.7
52 Week High166.9
52 Week Low124
CS1 End163.55
CR1 Start166.91
Volume & EV
DER(3)1.11%
DER(5)0.76%
Volume151.74K
Volume Incr-11.45%
Vol(5)866.50K
Vol(50)1.08M