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 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TEL2B is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, TEL2B did better than 80% of all other stocks. On top of that, TEL2B also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by TEL2B, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month TEL2B has a been trading in the 135.80 - 149.55 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TEL2B has an excellent technical rating, it does not present a decent entry opportunity 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
119.57
150.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 147.06 to 147.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 136.44 to 140.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @134.05 from a horizontal line in the daily time frame.
- Support @120.78 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for TEL2B.ST is neutral. |
| ChartMill Relative Strength | 80.17 | POSITIVE | TEL2B.ST has a high relative strength, it outperformed 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEL2B.ST is above the rising 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) | 65.58 | NEUTRAL | The RSI value for TEL2B.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests TEL2B.ST has a positive trend. |
| Stochastics (14,3) | 35.86 | NEUTRAL | The Stochastics value for TEL2B.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for TEL2B.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 21.08 | NEUTRAL | The ADX value for TEL2B.ST suggests a possible start of a new 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)
STO:TEL2B (7/18/2025, 1:07:06 PM)
148.575
+1.52 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.04%
1 Week7.77%
2 Weeks4.89%
1 Month4.07%
3 Month8.2%
6 Month30.97%
12 Month37.69%
2 Year85.2%
3 Year26.82%
5 Year18.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.91
ATR(20)%1.79%
ATR Inc247.93%
Range Today2.7
ADR(20)2.21
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.17
Mansfield0.94
10 Day High149.55
10 Day Low135.8
20 Day High149.55
20 Day Low135.8
52 Week High149.55
52 Week Low105.65
CS1 End140.88
CR1 Start147.06
Volume & EV
DER(3)-7.28%
DER(5)-3.4%
Volume803.83K
Volume Incr10.74%
Vol(5)1.03M
Vol(50)875.15K