T Technical Analysis - TELUS CORP

Technical Rating and Analysis

Taking everything into account, T scores 0 out of 10 in our technical rating. T scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, T is a bad performer in the overall market: 86% of all stocks are doing better.

T is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 93% of 31 stocks in the same industry do better.

In the last month T has a been trading in the 20.84 - 22.14 range, which is quite wide. It is currently trading near the lows of this range.

T has an average volume of 4027690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

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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

Although the technical rating is bad, T does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.19, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.51

23.43

When analyzing the support we can see 2 important areas.

Support @21.19 from a horizontal line in the daily time frame.
Support @20.72 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 21.23 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	DOWN	NEGATIVE	The long term trend for T.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for T.CA is down.
ChartMill Relative Strength	14.71	NEGATIVE	T.CA has a low relative strength, it was outperformed by 85.29% 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)	UP	MIXED	The current price of T.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)	33.43	NEUTRAL	The RSI value for T.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests T.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.15	NEUTRAL	The Stochastics value for T.CA is a neutral value.
Average True Range in percent/ATR (20)	1.3	LOW VOLATILITY	The low ATR as a percentage value for T.CA suggests low volalility.
Average Directional Index/ADX (14)	38.66	POSITIVE	The high ADX value value for T.CA suggests a strong trend.