TELE2 AB [CBOE]

- SEK (-)

- Real time data - Cboe

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TEL2B_SS
ISIN:	SE0005190238

TELE2 AB [CBOE] - Daily - Technical analysis published on 09/22/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 84.00 SEK

My targets

89.90 SEK (+4.09%)

94.95 SEK (+9.93%)

My analysis

The strong short-term increase for TELE2 AB [CBOE] reinforces the current slightly bullish trend. As long as the price remains above 84.00 SEK, you could take advantage of this bullish acceleration. The first bullish objective is located at 89.90 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 94.95 SEK as an objective. Crossing it would then enable buyers to target 102.20 SEK. A return to 84.00 SEK would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hedgemats. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TELE2 AB [CBOE] rating 86.37 SEK. The price has increased by +0.17% since the last closing and was between 85.15 SEK and 86.84 SEK. This implies that the price is at +1.43% from its lowest and at -0.54% from its highest.

85.15

86.84

86.37

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by TELE2 AB [CBOE]:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of TELE2 AB [CBOE] indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	56.65	74.21	84.00	86.37	89.90	94.95	102.20
Change (%)	-34.41%	-14.08%	-2.74%	-	+4.09%	+9.93%	+18.33%
Change	-29.72	-12.16	-2.37	-	+3.53	+8.58	+15.83
Level	Major	Intermediate	Major	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.30	81.01	83.61	85.32	87.92	89.63	92.23
Camarilla	85.04	85.43	85.83	86.22	86.62	87.01	87.41
Woodie	79.76	81.23	84.07	85.54	88.38	89.85	92.69
Fibonacci	81.01	82.65	83.67	85.32	86.96	87.98	89.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.83	75.06	77.84	80.07	82.85	85.08	87.86
Camarilla	79.24	79.70	80.16	80.62	81.08	81.54	82.00
Woodie	73.11	75.20	78.12	80.21	83.13	85.22	88.14
Fibonacci	75.06	76.97	78.16	80.07	81.98	83.17	85.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.25	72.69	74.94	77.38	79.63	82.07	84.32
Camarilla	75.89	76.32	76.75	77.18	77.61	78.04	78.47
Woodie	70.15	72.64	74.84	77.33	79.53	82.02	84.22
Fibonacci	72.69	74.49	75.59	77.38	79.18	80.28	82.07

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	79.95
MACD (12,26,9):	1.5200
Directional Movement:	27.41
AROON (14):	64.29
DEMA (21):	81.72
Parabolic SAR (0,02-0,02-0,2):	80.04
Elder Ray (13):	4.35
Super Trend (3,10):	81.07
Zig ZAG (10):	86.22
VORTEX (21):	1.3000
Stochastique (14,3,5):	91.50
TEMA (21):	84.12
Williams %R (14):	-13.96
Chande Momentum Oscillator (20):	8.32
Repulse (5,40,3):	4.2100
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	14.09

MA7:	82.47
MA20:	79.29
MA50:	82.91
MA100:	98.81
MAexp7:	83.02
MAexp20:	80.34
MAexp50:	81.08
MAexp100:	85.04
Price / MA7:	+4.73%
Price / MA20:	+8.93%
Price / MA50:	+4.17%
Price / MA100:	-12.59%
Price / MAexp7:	+4.04%
Price / MAexp20:	+7.51%
Price / MAexp50:	+6.52%
Price / MAexp100:	+1.56%

Quotes : - 15 min delayed data - ChiX CH/DK/FI/NO/SE

This member declared not having a position on this financial instrument or a related financial instrument.

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