TELE2 AB-B SHS (TEL2B.ST) Stock Technical Analysis
STO:TEL2B - Nasdaq Stockholm AB - SE0005190238 - Common Stock - Currency: SEK
Overall TEL2B gets a technical rating of 6 out of 10. In the last year, TEL2B was one of the better performers, but we do observe some doubts in the very recent evolution.
Looking at the yearly performance, TEL2B did better than 81% of all other stocks.
TEL2B is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TEL2B is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month TEL2B has a been trading in a tight range between 137.45 and 145.60.
Although the technical rating is only medium, TEL2B does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 139.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
117.51
146.76
3 important support areas can be observed.
- A support zone ranging from 137.20 to 139.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 122.70 to 124.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @118.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 141.54 to 145.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 TEL2B.ST is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEL2B.ST is down. |
| ChartMill Relative Strength | 81.34 | POSITIVE | TEL2B.ST has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TEL2B.ST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEL2B.ST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEL2B.ST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.52 | NEUTRAL | The RSI value for TEL2B.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests TEL2B.ST has a negative trend. |
| Stochastics (14,3) | 16.92 | OVERSOLD | The low Stochastics value suggests TEL2B.ST may be oversold. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for TEL2B.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for TEL2B.ST 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 |
|---|---|---|---|
| 141.55 | 137.44 | 4.11 (2.91%) | 25.00% |
| An entry @141.55. This is a Buy Stop order right above the 10 day moving average. | An exit @137.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.11 points, which is 2.91%. | For a 0.73% 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.
STO:TEL2B (6/18/2025, 5:30:46 PM)
141.3
+1.65 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.18%
1 Week-0.99%
2 Weeks-2.89%
1 Month-0.29%
3 Month4.41%
6 Month28.41%
12 Month31.13%
2 Year56.7%
3 Year19.82%
5 Year12.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%1.38%
ATR Inc20.71%
Range Today2.03
ADR(20)1.82
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.34
Mansfield1.06
10 Day High144.6
10 Day Low137.45
20 Day High145.6
20 Day Low137.45
52 Week High145.6
52 Week Low99.78
CS1 End139.64
CR1 Start141.54
Volume & EV
DER(3)1.77%
DER(5)1.82%
Volume998.24K
Volume Incr-4.13%
Vol(5)792.50K
Vol(50)988.88K