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 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
88% of all other stocks performed better in the past year than TECK.
TECK is one of the lesser performing stocks in the Metals & Mining industry. 88% of 157 stocks in the same industry do better.
TECK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TECK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TECK has an average volume of 4206640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, TECK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
31.45
43.20
When analyzing the support we notice one important area.
- Support @31.77 from a trend line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 33.04 to 33.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.87 to 36.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.37 from a trend line in the weekly time frame.
- Resistance @40.19 from a trend line in the daily time frame.
- Resistance @41.54 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for TECK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TECK is down. |
| ChartMill Relative Strength | 12.59 | NEGATIVE | TECK has a low relative strength, it was outperformed by 87.41% 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) | DOWN | NEGATIVE | The current price of TECK is below a declining 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) | 38.68 | NEUTRAL | The RSI value for TECK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TECK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.54 | OVERSOLD | The low Stochastics value suggests TECK may be oversold. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for TECK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.58 | POSITIVE | The high ADX value value for TECK suggests a strong 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)
33.03
-0.17 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.51%
1 Week4.49%
2 Weeks0.09%
1 Month-13.78%
3 Month-7.56%
6 Month-23.28%
12 Month-27.26%
2 Year-20.06%
3 Year-2.42%
5 Year186.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%3.97%
ATR Inc-43.41%
Range Today0.73
ADR(20)1.19
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.59
Mansfield-2.73
10 Day High34.48
10 Day Low31.31
20 Day High39.29
20 Day Low31.31
52 Week High54.13
52 Week Low28.32
CS1 End31.77
CR1 Start33.04
Volume & EV
DER(3)0.26%
DER(5)1.04%
Volume3.81M
Volume Incr-50.29%
Vol(5)2.96M
Vol(50)4.21M