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.
When comparing the yearly performance of all stocks, we notice that TEL is one of the better performing stocks in the market, outperforming 79% of all 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 is trading in the upper part of its 52 week range, but not near new highs, so TEL is leading the market.
In the last month TEL has a been trading in the 148.90 - 159.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TEL has an average volume of 1589170 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 32 other stocks in this industry, TEL did better than 58% of them.
TEL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 156.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 155.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
127.81
160.10
We found 6 important support areas.
- A support zone ranging from 154.69 to 155.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 150.46 to 150.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 142.79 to 142.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 136.50 to 138.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @132.09 from a trend line in the weekly time frame.
- Support @129.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 156.70 to 158.51. 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 | 79.86 | POSITIVE | TEL.OL has a high relative strength, it outperformed 79.86% 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) | 56.19 | NEUTRAL | The RSI value for TEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TEL.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.11 | NEUTRAL | The Stochastics value for TEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for TEL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.97 | 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 |
|---|---|---|---|
| 158.52 | 154.68 | 3.84 (2.42%) | 25.00% |
| An entry @158.52. This is a Buy Stop order right above the resistance zone. | An exit @154.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.84 points, which is 2.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of TEL. Please evaluate whether better entry and exit points can be found.
- 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 (5/27/2025, 4:25:30 PM)
155.9
+0.3 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.19%
1 Week-1.52%
2 Weeks4.14%
1 Month3.59%
3 Month6.93%
6 Month19.92%
12 Month27.37%
2 Year36.75%
3 Year20.34%
5 Year5.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.62
ATR(20)%1.71%
ATR Inc-50.61%
Range Today1.4
ADR(20)2.38
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.86
Mansfield1.06
10 Day High159.2
10 Day Low149.1
20 Day High159.4
20 Day Low148.9
52 Week High159.4
52 Week Low118.9
CS1 End155.7
CR1 Start156.7
Volume & EV
DER(3)-0.38%
DER(5)0.01%
Volume551.29K
Volume Incr-28.17%
Vol(5)1.16M
Vol(50)1.59M