TELENOR ASA (TEL.OL) Stock Technical Analysis
OSL:TEL - Euronext Oslo - NO0010063308 - Common Stock - Currency: NOK
Taking everything into account, TEL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TEL is only an average performer.
The long and short term trends are both positive. This is looking good!
TEL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TEL is lagging the market slightly.
TEL has an average volume of 1340400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TEL outperforms 63% of them, which is more or less in line with the market.
TEL is an average performer in the Diversified Telecommunication Services industry, it outperforms 55% of 30 stocks in the same industry.
In the last month TEL has a been trading in the 154.90 - 166.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TEL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 158.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TEL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
133.11
164.44
We found 4 important support areas.
- A support zone ranging from 155.22 to 158.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @152.49 from a horizontal line in the weekly time frame.
- A support zone ranging from 149.70 to 149.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @134.45 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 159.21 to 159.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 162.81 to 162.81. 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 | 63.54 | NEUTRAL | TEL.OL is not amongst the best or worst performers 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) | 52.54 | NEUTRAL | The RSI value for TEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TEL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.83 | NEUTRAL | The Stochastics value for TEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for TEL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for TEL.OL suggests a weak or negative 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 |
|---|---|---|---|
| 159.81 | 155.89 | 3.92 (2.45%) | 25.00% |
| An entry @159.81. This is a Buy Stop order right above the resistance zone. | An exit @155.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.92 points, which is 2.45%. | For a 0.61% 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 (7/25/2025, 7:00:00 PM)
158.4
-1.5 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-0.94%
1 Week-2.7%
2 Weeks1.34%
1 Month2%
3 Month1.08%
6 Month19.37%
12 Month23.27%
2 Year45.99%
3 Year35.38%
5 Year12.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.31
ATR(20)%1.37%
ATR Inc-19.06%
Range Today1.9
ADR(20)2.13
ADR(20)%1.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.54
Mansfield0.25
10 Day High166.9
10 Day Low155.9
20 Day High166.9
20 Day Low154.9
52 Week High166.9
52 Week Low123.9
CS1 End158.13
CR1 Start159.21
Volume & EV
DER(3)2.27%
DER(5)4.48%
Volume1.09M
Volume Incr-13.76%
Vol(5)980.46K
Vol(50)1.34M