Technical Analysis for 0G8C - Telenor ASA

Grade Last Price % Change Price Change
D 112.48 -1.81% -2.08
0G8C closed down 1.81 percent on Friday, June 2, 2023, on 4 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -1.81%
Oversold Stochastic Weakness -1.81%
NR7 Range Contraction -1.66%

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Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcasting and data communication services through satellite, terrestrial radio, and TV transmission. The company also provides machine-to-machine communication, as well as internet based services. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway.
Classification

Keywords: Telecommunications Telephony Content Services

Is 0G8C a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 135.8
52 Week Low 87.62
Average Volume 1,131,180
200-Day Moving Average 108.39
50-Day Moving Average 123.76
20-Day Moving Average 122.99
10-Day Moving Average 117.18
Average True Range 2.45
RSI (14) 10.71
ADX 42.1
+DI 10.05
-DI 41.29
Chandelier Exit (Long, 3 ATRs) 127.60
Chandelier Exit (Short, 3 ATRs) 119.40
Upper Bollinger Bands 136.53
Lower Bollinger Band 109.45
Percent B (%b) 0.11
BandWidth 22.02
MACD Line -3.32
MACD Signal Line -1.94
MACD Histogram -1.379
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 113.12
Resistance 3 (R3) 113.05 112.76 113.01
Resistance 2 (R2) 112.76 112.60 112.80 112.98
Resistance 1 (R1) 112.62 112.50 112.69 112.69 112.94
Pivot Point 112.33 112.33 112.37 112.37 112.33
Support 1 (S1) 112.19 112.17 112.26 112.26 112.01
Support 2 (S2) 111.90 112.06 111.94 111.97
Support 3 (S3) 111.76 111.90 111.94
Support 4 (S4) 111.83