TECK RESOURCES LTD-CLS B (TECK) Stock Technical Analysis
USA - NYSE:TECK - CA8787422044 - Common Stock
Taking everything into account, TECK scores 6 out of 10 in our technical rating. In the last year, TECK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, TECK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 41.08, a Stop Loss order could be placed below this zone.
More info and screens
32.41
2 important support areas can be observed.
- A support zone ranging from 41.08 to 41.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.74 to 33.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 41.46 to 43.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for TECK is neutral. |
| ChartMill Relative Strength | 71.27 | POSITIVE | TECK has a high relative strength, it outperformed 71.27% 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 | MIXED | The current price of TECK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TECK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.18 | NEUTRAL | The RSI value for TECK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests TECK has a negative trend. |
| Stochastics (14,3) | 41.06 | NEUTRAL | The Stochastics value for TECK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for TECK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for TECK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 42.01 | 41.07 | 0.94 (2.24%) | 25.00% |
| An entry @42.01. This is a Buy Stop order right above the 10 day moving average. | An exit @41.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 2.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
41.11
-0.77 (-1.84%)
TECK RESOURCES LTD-CLS B / TECK FAQ
What is the ChartMill technical rating of TECK RESOURCES LTD-CLS B (TECK) stock?
ChartMill assigns a technical rating of 6 / 10 to TECK.
What is the trend direction for TECK stock?
The current trend direction for TECK RESOURCES LTD-CLS B (TECK) is Bullish.
Can you provide the RSI signal for TECK RESOURCES LTD-CLS B?
TECK RESOURCES LTD-CLS B (TECK) has an RSI value of 45.176. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TECK RESOURCES LTD-CLS B?
The MACD indicator for TECK RESOURCES LTD-CLS B (TECK) has a value of -0.183686, indicating a bearish trend.
What are the support and resistance levels for TECK RESOURCES LTD-CLS B (TECK) stock?
TECK RESOURCES LTD-CLS B (TECK) has a support level at 41.08 and a resistance level at 41.46. Check the full technical report for our detailed analysis of TECK support and resistance levels.