T Technical Analysis - TELUS CORP

Technical Rating and Analysis

Taking everything into account, T scores 0 out of 10 in our technical rating. T's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, T is a bad performer in the overall market: 80% of all stocks are doing better.

T is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 89% of 30 stocks in the same industry do better.

In the last month T has a been trading in the 21.70 - 23.04 range, which is quite wide. It is currently trading near the lows of this range.

T has an average volume of 3758790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

T is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so T is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

T has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.12

23.43

We found 3 important support areas.

A support zone ranging from 21.76 to 21.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @20.73 from a trend line in the daily time frame.
A support zone ranging from 19.31 to 19.46. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 21.98 to 23.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for T.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for T.CA is down.
ChartMill Relative Strength	20.51	NEGATIVE	T.CA has a low relative strength, it was outperformed by 79.49% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of T.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of T.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of T.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	38.98	NEUTRAL	The RSI value for T.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests T.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.64	OVERSOLD	The low Stochastics value suggests T.CA may be oversold.
Average True Range in percent/ATR (20)	1.28	LOW VOLATILITY	The low ATR as a percentage value for T.CA suggests low volalility.
Average Directional Index/ADX (14)	21.9	NEUTRAL	The ADX value for T.CA suggests a possible start of a new trend.