Telenor ASA technical analysis
Technical analysis of Telenor ASA (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Telenor ASA
Telenor ASA is a telecommunications company founded in 1855 and headquartered in Norway that operates worldwide. The company provides mobile and broadband services, IoT solutions, wholesale services, cloud services, and related hardware to both private and business customers through its Nordics, Asia, Infrastructure, and Amp operating segments.
Description generated automatically from public sources; it may be inaccurate or out of date.
Telenor ASA: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
134.66
−1.23%
50 sessions
136.59
−2.63%
200 sessions
148.72
−10.57%
Session levels
s2
133.27
Support
s1
134.03
Support
pivot
135.57
Pivot
r1
136.33
Resistance
r2
137.87
Resistance
How to read it
In the September 3, 2026 session Telenor ASA closed lower at 133.00 , −1.34% versus the previous session.
The price sits below every moving average observed: −1.23% against the 21-session average, −2.63% against the 50 and −10.57% against the 200.
The 14-period RSI reads 42.0, in neutral territory.
MACD stands at -0.369 against a signal line at -0.499: the histogram is positive (+0.130).
ADX reads 22.7, indicating weak directionality.
Levels computed on the latest session place supports at 134.03 and 133.27 and resistances at 136.33 and 137.87 , around a pivot of 135.57.
The average daily range (ATR) is 2.108 , or 1.58% of price.
Turnover was 2.5M shares, 145% of the 20-session average.
Over the last twelve months the price ranged between 125.20 and 168.40 , and today stands −21.02% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Telenor ASA
How is Telenor ASA analysed technically?
Technical analysis of Telenor ASA is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Telenor ASA?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Telenor ASA?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Telenor ASA it helps frame the technical structure of the historical chart and is not a forecast.
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