TECK RESOURCES LTD-CLS B (TECK) Stock Technical Analysis
USA - NYSE:TECK - CA8787422044 - Common Stock
43.81 USD
+0.57 (+1.32%)
43.71 USD
-0.1 (-0.23%)
Overall TECK gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TECK is only an average performer.
TECK is one of the lesser performing stocks in the Metals & Mining industry. 79% of 156 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TECK has a been trading in the 38.04 - 44.82 range, which is quite wide. It is currently trading near the high of this range.
TECK has an average volume of 5661280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TECK outperforms 47% of them, which is more or less in line with the market.
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.
Besides having an excellent technical rating, TECK also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.89
45.03
4 important support areas can be observed.
- A support zone ranging from 42.91 to 43.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.54 to 42.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.61 from a horizontal line in the daily time frame.
- A support zone ranging from 32.21 to 32.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @43.82 from a horizontal line in the weekly time frame.
- Resistance @44.58 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 | UP | POSITIVE | The long term trend for TECK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECK is up. |
| ChartMill Relative Strength | 47.56 | NEUTRAL | TECK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECK is above the rising 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) | UP | POSITIVE | The current price of TECK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.36 | NEUTRAL | The RSI value for TECK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TECK has a negative trend. |
| Stochastics (14,3) | 82.8 | OVERBOUGHT | The high Stochastics value suggests TECK may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TECK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.45 | NEUTRAL | The ADX value for TECK suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.83 | 42.90 | 0.93 (2.12%) | 25.00% |
| An entry @43.83. This is a Buy Stop order right above the resistance zone. | An exit @42.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.93 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of TECK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
43.81
+0.57 (+1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.32%
1 Week1.86%
2 Weeks-0.7%
1 Month10.46%
3 Month16.76%
6 Month33.12%
12 Month-13.14%
2 Year23.97%
3 Year43.92%
5 Year233.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%3.8%
ATR Inc12.77%
Range Today1.32
ADR(20)1.51
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.56
Mansfield-0.01
10 Day High44.82
10 Day Low41.2
20 Day High44.82
20 Day Low38.04
52 Week High51.34
52 Week Low28.32
CS1 End43.24
CR1 Start43.82
Volume & EV
DER(3)0.99%
DER(5)-0.18%
Volume3.13M
Volume Incr5.01%
Vol(5)5.87M
Vol(50)5.66M