TECK RESOURCES LTD-CLS B (TECK) Stock Technical Analysis
NYSE:TECK - New York Stock Exchange, Inc. - CA8787422044 - Common Stock - Currency: USD
Overall TECK gets a technical rating of 3 out of 10. TECK'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, TECK is a bad performer in the overall market: 82% of all stocks are doing better.
TECK is one of the lesser performing stocks in the Metals & Mining industry. 78% of 155 stocks in the same industry do better.
In the last month TECK has a been trading in the 37.02 - 42.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
TECK has an average volume of 3406280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TECK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TECK is lagging the market.
Although the technical rating is bad, TECK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.30, a Stop Loss order could be placed below this zone.
More info and screens
37.28
43.20
When analyzing the support we notice one important area.
- A support zone ranging from 37.66 to 38.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @38.52 from a trend line in the daily time frame.
- A resistance zone ranging from 40.83 to 41.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.77 from a horizontal line in the daily time frame.
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 TECK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECK is neutral. |
| ChartMill Relative Strength | 18.28 | NEGATIVE | TECK has a low relative strength, it was outperformed by 81.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TECK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TECK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.9 | NEUTRAL | The RSI value for TECK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests TECK has a negative trend. |
| Stochastics (14,3) | 28.05 | NEUTRAL | The Stochastics value for TECK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TECK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.62 | NEGATIVE | The low ADX value for TECK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
38.31
-0.5 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.29%
1 Week-6.15%
2 Weeks-7.64%
1 Month-1.26%
3 Month14.02%
6 Month-8.85%
12 Month-24.56%
2 Year-13.77%
3 Year30.35%
5 Year278.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.46
ATR(20)%3.5%
ATR Inc-18.52%
Range Today0.91
ADR(20)1.23
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.28
Mansfield-1.67
10 Day High42.38
10 Day Low37.42
20 Day High42.38
20 Day Low37.02
52 Week High54.13
52 Week Low28.32
CS1 End38.3
CR1 Start38.52
Volume & EV
DER(3)1.38%
DER(5)0.99%
Volume4.45M
Volume Incr71.23%
Vol(5)5.47M
Vol(50)3.41M