Telia Company (TELIA.ST)

Court terme

Telia Company fluctue dans un canal haussier et une progression poursuivant le canal haussier est indiquée. En cas de corrections à la baisse il y a du support en bas du canal haussier. L'action teste le support à environ 35.50 kronor. Cela doit normalement donner un rebond, Cependant, la vigilance doit s'imposer, parce qu'un franchissement du support à 35.50 kronor déclenche un signal de vente. La balance des volumes négative affaiblit la valeur sur le court terme. L'action est généralement considéré comme positif technique pour court terme.

Recommendation one to six weeks: Positif (Score: 67)

Moyen terme

Telia Company progresse fortement dans un canal haussier. Pour la suite, la progression reste bien orientée et il y a du support en bas du canal haussier. L'action a un support à environ 32.70 kronor. La balance des volumes négative affaiblit la valeur sur le court terme. L'action est généralement considéré comme positif technique pour moyen long terme.

Recommendation one to six months: Positif (Score: 91)

Long terme

Telia Company fluctue dans un canal haussier et une progression poursuivant le canal haussier est indiquée. En cas de corrections à la baisse il y a du support en bas du canal haussier. La valeur a cru fortement après un signal d'achat d'une formation tête-épaules inversée sur le franchissement de la résistance à 25.11 l'objectif de 33.50 est maintenant atteint, mais la formation indique une poursuite du développement dans la même direction. L'action a franchi la résistance à environ 34.00 kronor. Une poursuite de la hausse est donc indiquée, et il y a maintenant un support à 34.00 kronor en cas de corrections. La balance des volumes est négative et affaiblit la valeur sur le court terme. L'action est généralement considéré comme positif technique pour long terme.

Recommendation one to six quarters: Positif (Score: 91)

Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.

Trend

Theory: Stocks in rising trends will continue to rise.

Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more

Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
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Momentum

Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.

Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more

Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
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Volume

Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.

Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more

Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
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Investtech's analyses

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