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Takip Edin: @UscMarketsTELNY Stock Forecast & Telenor ASA Chart Analysis
This article provides a detailed analysis of TELNY-Telenor ASA stock including a forecast for TELNY shares. It features Telenor ASA technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
TELNY Historical Data Review
TELNY Current Price Performance Analysis
The Telenor ASA - TELNY stock traded on the American stock market, on 06-05-2024, closed at 11.94$ with no change compared to the previous day.
In the last month, the price of TELNY changed by %-1.32 decreased in value, from 12.1 dollars on 05-06-2024 to 11.94 dollars, decreased.
Last year, the price of TELNY was 9.93 dollars on 06-06-2023, and changed by %20.24 increased in value, to 11.94 dollars increased within a year.
The price of Telenor ASA stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
TELNY with AI Stock Forecast & Price Target
On the TELNY chart Telenor ASA price was recorded as 11.94 Dollars on 06/05/2024.
The artificial intelligence's forecast on TELNY stock is as follows.
The artificial intelligence's prediction error margin for TELNY stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Telenor ASA stock over the next 4 months is: 11.1 Dollars.
The commentary on TELNY stock Target Price: Highest: 11.791 Dollars is predicted.
The commentary on TELNY stock Target Price: Lowest: 10.472 Dollars is predicted.
Resistance Price where Telenor ASA stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 11.791 |
| 09-18-2024 | 11.064 |
| 10-08-2024 | 11.093 |
| 12-12-2024 | 11.236 |
| 02-25-2025 | 10.949 |
| 03-17-2025 | 10.930 |
| 04-11-2025 | 10.876 |
Support Price where Telenor ASA stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 11.052 |
| 09-23-2024 | 11.062 |
| 11-12-2024 | 10.472 |
| 01-16-2025 | 10.677 |
| 03-12-2025 | 10.916 |
| 04-01-2025 | 10.875 |
The commentary on TELNY stock: The target price can generally be said to be on the decline.
The commentary on TELNY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Telenor ASA stock by the end of 2024 is predicted to be 11.01 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on TELNY stock, and the 2024 target price predictions for Telenor ASA are detailed above.
The technical analysis and charts for the commentary on TELNY stock are below.
TELNY Support & Resistance and Trend Analysis
TELNY stock you have reviewed the technical analysis support resistance charts regarding.
TELNY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the TELNY review, the Telenor ASA support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Telenor ASA Support and Resistance Prices:
| TELNY Support Level Price | TELNY Resistance Level Price |
|---|---|
| 10.15 | 10.59 |
| 10.20 | 10.82 |
| 10.22 | 11.13 |
| 10.63 | 11.24 |
| 10.65 | 11.56 |
| 10.80 | 11.64 |
| 10.88 | 11.68 |
| 10.89 | 11.92 |
| 11.20 | 12.07 |
| 11.26 | 12.23 |
| 11.48 | |
| 11.50 |
TELNY Technical Analysis: SMA, RSI, MACD
Upon reviewing the TELNY chart, buy and sell signals have been generated in the Telenor ASA technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for TELNY stock are as follows:- The technical analysis for Telenor ASA indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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