RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TEL.OL
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Telenor ASA stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 4.59% PDF

The Telenor ASA stock price gained 1.43% on the last trading day (Wednesday, 27th Mar 2024), rising from kr119.05 to kr120.75. During the last trading day the stock fluctuated 2.28% from a day low at kr120.75 to a day high of kr123.50. The price has risen in 7 of the last 10 days and is up by 7.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 600 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately kr165.12 million.

The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is kr119.61, a level that may pose a second chance to hit a runner. According to fan-theory kr127.77 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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TEL.OL Signals & Forecast

Mostly positive signals in the chart today. The Telenor ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr118.34 and kr115.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 7.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Telenor ASA stock

Telenor ASA finds support from accumulated volume at kr118.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr2.75 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 1.87%.

The Telenor ASA stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: kr115.92 (-4.00%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (TEL.OL) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Telenor ASA to open at kr121.67, and during the day (based on 14 day Average True Range), to move between kr118.80 and kr122.70, which gives a possible trading interval of +/-kr1.95 (+/-1.61%) up or down from last closing price. If Telenor ASA takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr121.35 (0.50%) than the support at kr118.10 (2.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Telenor ASA stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.727 Buy Candidate Upgraded

Predicted Opening Price for Telenor ASA of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
kr121.67 ( 0.759%) kr120.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TEL.OL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 124.42 3.04 %
R2 123.37 2.17 %
R1 122.72 1.63 %
Current price: 120.75
Support S1 120.62 -0.111 %
S2 119.97 -0.648 %
S3 118.92 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 124.45 3.06 %
R2 122.15 1.16 %
R1 121.35 0.497 %
Current price 120.75
Support S1 118.10 -2.19%
S2 116.20 -3.77%
S3 115.45 -4.39%

TEL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 08, 2024 May 08, 2024 May 22, 2024 kr5.00 4.14%
2 May 11, 2023 May 11, 2023 May 11, 2023 kr5.00 4.05%
3 Oct 06, 2022 Oct 06, 2022 Oct 06, 2022 kr4.30 4.53%
4 May 12, 2022 May 12, 2022 May 12, 2022 kr5.00 3.98%
5 Oct 07, 2021 Oct 07, 2021 Oct 07, 2021 kr4.00 2.88%

FAQ

What is the symbol for Telenor ASA Stock and on which exchange is it traded?
The symbol for Telenor ASA is TEL.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell Telenor ASA Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Telenor ASA Stock?
Telenor ASA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Telenor ASA Stock.

What's the current price of Telenor ASA Stock?
As of the end of day on the 2024-03-27, the price of an Telenor ASA (TEL.OL) share was kr120.75.

What is the 52-week high and low for Telenor ASA Stock?
The 52-week high for Telenor ASA Stock is kr134.95 and the 52-week low is kr102.05.

What is the market capitalization of Telenor ASA Stock?
As of the 2024-03-27, the market capitalization of Telenor ASA is 168.985B.

When is the next earnings date for Telenor ASA?
The upcoming earnings date for Telenor ASA is Apr 30, 2024.
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About Telenor ASA

Telenor ASA Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed line services consist of telephony, Internet and TV, and leased lines, as well as ... TEL.OL Profile

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