TEL

Score 23 — reducing weight (rebalance)

Score 25 — reducing weight (rebalance)

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Score 32 — reducing weight (rebalance)

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Score 58 — reducing weight (rebalance)

Score 58 — exited; fell below selection threshold

Score 60 — Telenor offers the most stable momentum profile in the universe — low volatility (Vol 3.0%), positive across all timeframes, and near the top of its 20-day range with defensive telecoms appeal.

Score 60 — Telenor offers the most stable momentum profile in the universe — low volatility (Vol 3.0%), positive across all timeframes, and near the top of its 20-day range with defensive telecoms appeal.

Score 58 — TEL offers low-volatility defensive appeal with mild positive momentum, sitting comfortably above its 20-day MA — a safe haven in a mixed market environment.

Score 46 — TEL offers defensive stability with the lowest volatility in the universe and flat momentum, but the weak technical position (20% of range, slightly below MA) and rising yields reduce near-term appeal.

Score 38 — reducing weight (rebalance)

Score 47 — Telenor offers defensive stability with the second-lowest volatility in the universe, but negative 5-day return and mid-range positioning reflect limited near-term upside catalysts.

Score 35 — reducing weight (rebalance)

Score 38 — Telenor sits near 20d lows (9th percentile) with negative 5d and 20d returns and below-MA positioning, reflecting sector-wide defensive fatigue and limited near-term catalyst.

Score 38 — reducing weight (rebalance)

Score 62 — Telenor offers low volatility and a stable +2.2% monthly trend with the stock above its moving average, providing a defensive holding in an otherwise mixed market.

Score 62 — reducing weight (rebalance)

Score 70 — reducing weight (rebalance)

Score 70 — exited; fell below selection threshold

Score 67 — Telenor sits at its 20-day high (Rng 100%) with the lowest realised volatility in the universe (Vol 3.0%), offering a high-quality, stable momentum setup in telecoms.

Score 67 — Telenor sits at its 20-day high (Rng 100%) with the lowest realised volatility in the universe (Vol 3.0%), offering a high-quality, stable momentum setup in telecoms.

Score 59 — Telenor is the lowest-volatility stock in the universe (2.6%) with stable positive momentum, offering a defensive anchor, though limited upside catalyst keeps conviction moderate.

Score 52 — reducing weight (rebalance)

Score 63 — Telenor offers the most defensive setup in the universe — lowest volatility (2.6%), at its 20-day high (100% Rng), with steady if modest momentum, ideal for risk-off positioning.

Score 45 — reducing weight (rebalance)

Score 55 — Stable low-volatility profile (Vol 2.5%) with modest positive 20-day return; near MA with no news catalyst makes it a defensive hold rather than an active buy.

Score 52 — reducing weight (rebalance)

Score 60 — reducing weight (rebalance)

Score 65 — Telenor offers the lowest volatility in the universe (Vol 3.3%) with steady positive momentum and defensive qualities, making it an attractive low-risk hold.

Score 60 — Telenor offers the lowest volatility in the universe (3.3%) and steady positive momentum, serving as a reliable defensive anchor, though limited upside catalysts keep the score moderate.

Score 38 — reducing weight (rebalance)

Score 45 — Essentially flat on both 5d and 20d (+0.1%) with minimal price range coverage (68%), offering stability but no near-term catalyst in a low-growth telecom environment.

Score 30 — Telenor's -8.7% 20-day slide and negative vsMA place it firmly in a downtrend; defensive telecom characteristics provide some floor but momentum is decisively bearish.

Score 28 — Telenor is the weakest momentum name with a severe –9.2% 20-day return, high realised vol (12.6%), sitting near 20-day lows (31% range) — avoid until trend stabilises.

Score 22 — reducing weight (rebalance)

Score 30 — Telenor is in a clear downtrend — down -7.0% over 20 days, below its MA, and at only 34% of its range — with high realised volatility and no near-term catalyst for a reversal.

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Score 42 — Telenor shows decent 5-day momentum (+2.0%) but is negative over 20 days (-4.3%), below its moving average, and sitting in the lower half of its range — defensive but lacking a clear catalyst.

Score 35 — reducing weight (rebalance)

Score 35 — reducing weight (rebalance)

Score 38 — reducing weight (rebalance)

Score 40 — Telenor shows weak momentum (-4.7% 20d, -2.5% vsMA, Rng 37%) with limited near-term catalysts in a mature telecom market, though its defensive nature limits downside.

Score 33 — Telenor is in a clear medium-term downtrend with -6.8% over 20 days, trading well below its 20-day MA, with defensive sector characteristics unable to offset weak price action.

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Score 58 — reducing weight (rebalance)

Score 63 — Telenor is at its 20-day high with a +2.2% vsMA, offering defensive stability and low volatility, though the mild negative 20d return limits near-term upside conviction.

Score 58 — reducing weight (rebalance)

Score 55 — exited; fell below selection threshold

Score 55 — reducing weight (rebalance)

Score 55 — Positive 5-day return (+1.8%), near-neutral vsMA (+0.3%), and mid-range positioning (51%) offer a stable defensive setup; Telenor's defensive telecom cash flows are appealing but 20-day trend (-4.5%) limits upside conviction.

Score 55 — Positive 5-day return (+1.8%), near-neutral vsMA (+0.3%), and mid-range positioning (51%) offer a stable defensive setup; Telenor's defensive telecom cash flows are appealing but 20-day trend (-4.5%) limits upside conviction.

Score 57 — Telenor shows a solid 5-day gain (+4.0%) and trades near its 20-day MA (-0.2%), offering defensive telecom stability at mid-range positioning with low volatility (8.6%) despite mild negative 20-day drift.

Score 46 — Telenor shows modest weekly recovery (+1.8%) but remains below its 20-day MA and in the lower half of its range, with a mild negative 20-day trend and no specific catalyst.

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Score 36 — exited; fell below selection threshold

Score 50 — Telenor offers the most stable risk-adjusted profile (Vol=5.3%, lowest in universe) with only mild negative momentum (-4.0% 20d), making it a low-risk defensive holding with modest near-term upside.

Score 50 — Telenor offers the most stable risk-adjusted profile (Vol=5.3%, lowest in universe) with only mild negative momentum (-4.0% 20d), making it a low-risk defensive holding with modest near-term upside.

Score 38 — Telenor is down 5.6% over 20 days, sitting near its 20-day low with negative vsMA, but its defensive telecoms cash flows and low volatility (5.3% Vol) provide a floor against further sharp declines.

Score 33 — Telenor is near its 20-day low with negative momentum across all timeframes; the defensive telecom characteristics limit downside but near-term momentum is clearly weak.

Score 30 — reducing weight (rebalance)

Score 30 — reducing weight (rebalance)

Score 36 — Telenor's defensive telecom profile and low volatility (7.6%) are positives, but the -8.1% 20-day decline and position near the bottom of its 20-day range (7%) with vsMA at -2.8% suggest continued near-term selling pressure.

Score 26 — reducing weight (rebalance)

Score 35 — Telenor's near-flat 5-day performance and low Vol (9.9%) offer modest defensive appeal, but the -7.7% 20-day slide and Rng at 5% indicate persistent sector headwinds; the telco's dividend yield provides a partial valuation floor.

Score 48 — Telenor posts a mild weekly gain (+1.9%) but remains -3.7% over 20 days and sits in the bottom quintile of its 20-day range (19%), suggesting residual selling pressure despite defensive sector support.

Score 36 — Telenor's defensive telecom profile offers stability but negative 20-day return (-4.5%) and a Rng of just 6% indicate persistent selling with limited near-term upside catalyst.

Score 33 — reducing weight (rebalance)

Score 35 — Telenor sits near the bottom of its 20-day range (5%) with a negative 20d trend (-3.1%) and a modest vsMA drag, offering limited near-term upside without a sector catalyst.

Score 28 — reducing weight (rebalance)

Score 37 — Telenor sits near its 20d low (Rng 3%), below its MA, with mild but consistently negative momentum across all timeframes, reflecting telecom sector defensiveness without upside catalyst.

Score 32 — reducing weight (rebalance)

Score 35 — reducing weight (rebalance)

Score 35 — reducing weight (rebalance)

Score 38 — Telenor shows mild negative momentum across all timeframes and sits near the bottom of its range, though its defensive telecom profile, stable cash flows, and lower volatility limit downside conviction.

Score 30 — Telenor is down significantly over 5d and 20d, sitting near 20d lows (16% range) with no positive catalysts visible, and defensively priced telecom characteristics cannot offset weak technicals.

Score 27 — Telenor is in a clear short-term downtrend (-6.8% 5d, -7.1% 20d) near multi-week lows (Rng=18%), with no visible catalyst for reversal despite its typically defensive telecoms characteristics.

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Score 63 — Telenor provides stable defensive cash flows and a high dividend yield, with its Nordic core business resilient, though Asian market risks and limited growth prospects cap the score.

Score 61 — reducing weight (rebalance)

Score 63 — reducing weight (rebalance)

Score 65 — Telenor's stable Nordic and Asian telecom operations, high dividend yield, and defensive earnings profile offer a solid risk-adjusted hold, with modest upside from continued Asian market monetisation.

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.