TELUS CORP (TU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TU - CA87971M1032 - Common Stock
Taking everything into account, TU scores 1 out of 10 in our technical rating. TU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of TU is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.47
When analyzing the support we notice one important area.
- A support zone ranging from 12.60 to 12.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.37 to 13.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.49 to 16.62. 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 | DOWN | NEGATIVE | The long term trend for TU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TU is neutral. |
| ChartMill Relative Strength | 21.79 | NEGATIVE | TU has a low relative strength, it was outperformed by 78.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.22 | NEUTRAL | The RSI value for TU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TU has a positive trend. |
| Stochastics (14,3) | 88.05 | OVERBOUGHT | The high Stochastics value suggests TU may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for TU suggests low volalility. |
| Average Directional Index/ADX (14) | 25.32 | POSITIVE | The high ADX value value for TU suggests a strong trend. |
13.36
+0.01 (+0.07%)
TELUS CORP / TU FAQ
What is the technical rating for TU stock?
ChartMill assigns a technical rating of 1 / 10 to TU.
What is the current trend direction of TELUS CORP (TU) stock?
The current trend direction for TELUS CORP (TU) is Bearish.
What is the RSI signal for TELUS CORP (TU) stock?
TELUS CORP (TU) has an RSI value of 57.2236. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TELUS CORP?
The short term momentum for TELUS CORP (TU) is neutral.
What are the support and resistance levels for TELUS CORP (TU) stock?
TELUS CORP (TU) has a support level at 12.6 and a resistance level at 13.37. Check the full technical report for our detailed analysis of TU support and resistance levels.