TELE2 AB-B SHS (TEL2B.ST) Stock Technical Analysis
STO:TEL2B - Nasdaq Stockholm AB - SE0005190238 - Common Stock - Currency: SEK
Taking everything into account, TEL2B scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TEL2B did better than 87% of all other stocks. On top of that, TEL2B also shows a nice and consistent pattern of rising prices.
TEL2B is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TEL2B has a been trading in the 147.70 - 164.30 range, which is quite wide. It is currently trading near the high of this range.
Although TEL2B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
122.15
165.89
We found 7 important support areas.
- A support zone ranging from 164.19 to 164.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 159.09 to 160.48. 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 147.20 to 149.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 143.49 to 143.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @139.65 from a horizontal line in the daily time frame.
- Support @134.05 from a horizontal line in the daily time frame.
- Support @123.38 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 | UP | POSITIVE | The short term trend for TEL2B.ST is up. |
| ChartMill Relative Strength | 87.73 | POSITIVE | TEL2B.ST has a high relative strength, it outperformed 87.73% 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) | 75.6 | OVERBOUGHT | The high RSI value suggests TEL2B.ST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests TEL2B.ST has a positive trend. |
| Stochastics (14,3) | 97.51 | OVERBOUGHT | The high Stochastics value suggests TEL2B.ST may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for TEL2B.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 39.75 | POSITIVE | The high ADX value value for TEL2B.ST 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)
STO:TEL2B (8/21/2025, 10:20:02 AM)
164.25
+0.05 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week3.43%
2 Weeks3.99%
1 Month8.92%
3 Month14.74%
6 Month31.89%
12 Month45.25%
2 Year112.75%
3 Year44.57%
5 Year33.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.07
ATR(20)%1.43%
ATR Inc-25.82%
Range Today0.8
ADR(20)2.22
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.73
Mansfield1.79
10 Day High164.3
10 Day Low154.7
20 Day High164.3
20 Day Low147.7
52 Week High164.3
52 Week Low105.65
CS1 End160.48
CR1 StartN/A
Volume & EV
DER(3)1.52%
DER(5)2.19%
Volume83.75K
Volume Incr-24.37%
Vol(5)664.36K
Vol(50)849.55K