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TELE2 AB [CBOE] - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 84.00 SEK
My targets
89.90 SEK (+3.79%)
94.95 SEK (+9.62%)
My analysis
TELE2 AB [CBOE] is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 84.00 SEK. The next resistance located at 89.90 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 94.95 SEK. After this resistance, buyers could then target 102.20 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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 86.62 SEK. The price registered an increase of +0.46% on the session with the lowest point at 85.15 SEK and the highest point at 86.84 SEK. The deviation from the price is +1.73% for the low point and -0.25% for the high point.85.15
86.84
86.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TELE2 AB [CBOE] in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.76 | 82.30 | 84.00 | 86.62 | 89.90 | 94.95 | 102.20 |
| Change (%) | -7.92% | -4.99% | -3.02% | - | +3.79% | +9.62% | +17.99% |
| Change | -6.86 | -4.32 | -2.62 | - | +3.28 | +8.33 | +15.58 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 78.68 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | 24.49 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 84.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.07 | |
| Elder Ray (13): | 1.55 | |
| Super Trend (3,10): | 83.52 | |
| Zig ZAG (10): | 85.58 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 73.09 | |
| TEMA (21): | 85.19 | |
| Williams %R (14): | -34.34 | |
| Chande Momentum Oscillator (20): | 2.38 | |
| Repulse (5,40,3): | 1.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 3.83 |
| MA7: | 82.47 | |
| MA20: | 79.29 | |
| MA50: | 82.91 | |
| MA100: | 98.81 | |
| MAexp7: | 84.82 | |
| MAexp20: | 83.41 | |
| MAexp50: | 81.94 | |
| MAexp100: | 80.53 | |
| Price / MA7: | +5.03% | |
| Price / MA20: | +9.24% | |
| Price / MA50: | +4.47% | |
| Price / MA100: | -12.34% | |
| Price / MAexp7: | +2.12% | |
| Price / MAexp20: | +3.85% | |
| Price / MAexp50: | +5.71% | |
| Price / MAexp100: | +7.56% |
Quotes :
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15 min delayed data
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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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