RSI low/high Values: [ 20 - 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 TELIA1.HE
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Weaker technical forecast for Telia Company AB (publ) as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 14, 2024 Gain 4.42% PDF

The Telia Company AB (publ) stock price fell by -0.421% on the last day (Thursday, 28th Mar 2024) from 2.37€ to 2.36€. During the last trading day the stock fluctuated 1.35% from a day low at 2.36€ to a day high of 2.39€. The price has risen in 6 of the last 10 days and is up by 4.42% over the past 2 weeks. Volume has increased on the last day by 71 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 626 thousand shares were bought and sold for approximately 1.48€ million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 2.37€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.87% during the next 3 months and, with a 90% probability hold a price between 1.92€ and 2.21€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TELIA1.HE 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 2.34€ and 2.22€. 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 Wednesday, March 27, 2024, and so far it has fallen -0.421%. Further fall is indicated until a new bottom pivot has been found. Telia Company AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Telia Company AB (publ) stock

Telia Company AB (publ) finds support from accumulated volume at 2.36€ 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 0.0320€ between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 1.65%.

The Telia Company AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 2.31€ (-2.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (TELIA1.HE) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Telia Company AB (publ) to open at 2.37€, and during the day (based on 14 day Average True Range), to move between 2.33€ and 2.40€, which gives a possible trading interval of +/-0.0380€ (+/-1.61%) 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 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 2.36€ (0.08%) than the resistance at 2.38€ (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Telia Company AB (publ) stock A Buy?

Telia Company AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.178 Hold/Accumulate Downgraded

Predicted Opening Price for Telia Company AB (publ) of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
2.37€ ( 0.395%) 2.36€

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

Trading levels for TELIA1.HE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.41 1.75 %
R2 2.39 1.23 %
R1 2.39 0.91 %
Current price: 2.36
Support S1 2.36 -0.122 %
S2 2.35 -0.442 %
S3 2.34 -0.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.40 1.52 %
R2 2.39 0.93 %
R1 2.38 0.592 %
Current price 2.36
Support S1 2.36 -0.0846%
S2 2.26 -4.23%
S3 2.19 -7.23%

TELIA1 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 Apr 11, 2024 0€ 0%
2 Feb 02, 2024 Feb 02, 2024 Feb 02, 2024 0€ 0%
3 Jul 28, 2023 Jul 28, 2023 Jul 28, 2023 0.500€ 24.39%
4 Apr 06, 2023 Apr 06, 2023 Apr 06, 2023 0.500€ 21.28%
5 Oct 26, 2022 Oct 26, 2022 Oct 26, 2022 1.05€ 40.86%

FAQ

What is the symbol for Telia Company AB (publ) Stock and on which exchange is it traded?
The symbol for Telia Company AB (publ) is TELIA1.HE and it is traded on the OMXH (Helsinki Stock Exchange).

Should I buy or sell Telia Company AB (publ) Stock?
Telia Company AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Telia Company AB (publ) Stock?
Telia Company AB (publ) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Telia Company AB (publ) Stock.

What's the current price of Telia Company AB (publ) Stock?
As of the end of day on the 2024-03-28, the price of an Telia Company AB (publ) (TELIA1.HE) share was 2.36€.

What is the 52-week high and low for Telia Company AB (publ) Stock?
The 52-week high for Telia Company AB (publ) Stock is 2.54€ and the 52-week low is 1.76€.

What is the market capitalization of Telia Company AB (publ) Stock?
As of the 2024-03-28, the market capitalization of Telia Company AB (publ) is 9.296B.
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About Telia Company AB (publ)

Telia Company AB (publ) Sotkamo Silver AB, together with its subsidiaries, engages in the exploration and development of mineral deposits. The company primarily explores for silver, gold, lead, and zinc deposits. Its primary project is the Silver Mine project located in Sotkamo, Finland. The company was incorporated in 1983 and is based in Stockholm, Sweden.... TELIA1.HE Profile

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