Telia Company AB (publ) Stock Forecast
Red day on Monday for Telia Company AB (publ)
(Updated on May 20, 2024)
The Telia Company AB (publ) stock price fell by -0.629% on the last day (Monday, 20th May 2024) from kr27.02 to kr26.85. During the last trading day the stock fluctuated 1.57% from a day low at kr26.67 to a day high of kr27.09. The price has risen in 8 of the last 10 days and is up by 6.38% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 6 million shares were bought and sold for approximately kr170.90 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.73% during the next 3 months and, with a 90% probability hold a price between kr27.08 and kr30.30 at the end of this 3-month period.
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TELIA.ST Signals & Forecast
The Telia Company AB (publ) 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 kr26.35 and kr26.31. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.629%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -8.88% to kr24.46 within 13 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Telia Company AB (publ) stock
Telia Company AB (publ) finds support from accumulated volume at kr25.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.420 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: kr25.85 (-3.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (TELIA.ST) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Telia Company AB (publ) to open at kr26.87, and during the day (based on 14 day Average True Range), to move between kr26.34 and kr27.36, which gives a possible trading interval of +/-kr0.514 (+/-1.92%) up or down from last closing price. If Telia Company AB (publ) takes out the full calculated possible swing range there will be an estimated 3.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr27.02 (0.63%) than the support at kr25.90 (3.54%), 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 Telia Company AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Telia Company AB (publ) stock to perform well in the short-term.
Current score: 1.380 Buy Candidate Unchanged
Predicted Opening Price for Telia Company AB (publ) of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr26.87 ( 0.0745%) | kr26.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TELIA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.29 | 1.64 % | |
| R2 | 27.13 | 1.04 % | ||
| R1 | 27.03 | 0.672 % | ||
| Current price: | 26.85 | |||
| Support | S1 | 26.71 | -0.523 % | |
| S2 | 26.61 | -0.89 % | ||
| S3 | 26.45 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.54 | 2.57 % | |
| R2 | 27.20 | 1.30 % | ||
| R1 | 27.02 | 0.633 % | ||
| Current price | 26.85 | |||
| Support | S1 | 25.90 | -3.54% | |
| S2 | 25.79 | -3.95% | ||
| S3 | 24.87 | -7.37% |
TELIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2025 | Feb 06, 2025 | Feb 12, 2025 | kr0.500 | 1.86% |
| 2 | Oct 30, 2024 | Oct 30, 2024 | Nov 05, 2024 | kr0.500 | 1.86% |
| 3 | Jul 31, 2024 | Jul 31, 2024 | Aug 06, 2024 | kr0.500 | 1.86% |
| 4 | Apr 11, 2024 | Apr 11, 2024 | Apr 11, 2024 | kr0 | 0% |
| 5 | Feb 02, 2024 | Feb 02, 2024 | Feb 02, 2024 | kr0 | 0% |
FAQ
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