TELUS CORP (TU) Stock Technical Analysis
NYSE:TU - New York Stock Exchange, Inc. - CA87971M1032 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TU. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TU is only an average performer.
The long and short term trends are both positive. This is looking good!
TU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TU is lagging the market slightly.
TU has an average volume of 2784980 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, TU outperforms 49% of them, which is more or less in line with the market.
TU is part of the Diversified Telecommunication Services industry. There are 32 other stocks in this industry, TU did better than 48% of them.
In the last month TU has a been trading in a tight range between 15.74 and 16.47.
TU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for TU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.32
16.95
6 important support areas can be observed.
- A support zone ranging from 15.74 to 16.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.11 from a horizontal line in the daily time frame.
- Support @14.48 from a trend line in the weekly time frame.
- Support @14.21 from a trend line in the daily time frame.
- Support @13.92 from a horizontal line in the weekly time frame.
- Support @13.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.35 to 16.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TU is up. |
| ChartMill Relative Strength | 49.41 | NEUTRAL | TU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for TU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.82 | OVERBOUGHT | The high Stochastics value suggests TU may be overbought. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for TU suggests low volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for TU 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)
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 |
|---|---|---|---|
| 16.36 | 15.73 | 0.63 (3.85%) | 25.00% |
| An entry @16.36. This is a Buy Stop order right above the 10 day high. | An exit @15.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.63 points, which is 3.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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.
16.3
+0.07 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.43%
1 Week2.26%
2 Weeks1.75%
1 Month-0.67%
3 Month12.72%
6 Month18.29%
12 Month6.75%
2 Year-8.38%
3 Year-29.13%
5 Year-6.11%
10 Year-4.59%
15 Year73.45%
Volatility
ATR(14)0.23
ATR(20)%1.35%
ATR Inc7.16%
Range Today0.24
ADR(20)0.21
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.41
Mansfield-0.3
10 Day High16.35
10 Day Low15.74
20 Day High16.47
20 Day Low15.74
52 Week High17.27
52 Week Low13.24
CS1 End15.11
CR1 Start15.86
Volume & EV
DER(3)5.37%
DER(5)8.19%
Volume1.33M
Volume Incr10.35%
Vol(5)3.06M
Vol(50)2.78M