Telenor Asa Adr Stock Technical Analysis

TELNY Stock  USD 12.04  0.09  0.75%   
As of the 22nd of May, Telenor ASA has the Risk Adjusted Performance of 0.0885, semi deviation of 0.9427, and Coefficient Of Variation of 687.6. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Telenor ASA ADR, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Telenor ASA ADR, which can be compared to its competition. Please validate Telenor ASA ADR standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Telenor ASA is priced more or less accurately, providing market reflects its prevalent price of 12.04 per share. Given that Telenor ASA ADR has jensen alpha of 0.152, we advise you to double-check Telenor ASA ADR's current market performance to make sure the company can sustain itself at a future point.

Telenor ASA Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Telenor, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Telenor
  
Telenor ASA's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Telenor ASA technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Telenor ASA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Telenor ASA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Telenor ASA ADR Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Telenor ASA ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Telenor ASA ADR Trend Analysis

Use this graph to draw trend lines for Telenor ASA ADR. You can use it to identify possible trend reversals for Telenor ASA as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Telenor ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Telenor ASA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Telenor ASA ADR applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Telenor ASA ADR will continue generating value for investors. It has 122 observation points and a regression sum of squares at 14.1, which is the sum of squared deviations for the predicted Telenor ASA price change compared to its average price change.

About Telenor ASA Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Telenor ASA ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Telenor ASA ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Telenor ASA ADR price pattern first instead of the macroeconomic environment surrounding Telenor ASA ADR. By analyzing Telenor ASA's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Telenor ASA's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Telenor ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.

Telenor ASA May 22, 2024 Technical Indicators

Most technical analysis of Telenor help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Telenor from various momentum indicators to cycle indicators. When you analyze Telenor charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Telenor ASA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Telenor Pink Sheet analysis

When running Telenor ASA's price analysis, check to measure Telenor ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Telenor ASA is operating at the current time. Most of Telenor ASA's value examination focuses on studying past and present price action to predict the probability of Telenor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telenor ASA's price. Additionally, you may evaluate how the addition of Telenor ASA to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Telenor ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Telenor ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telenor ASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.