TELUS CORP (TU) Stock Technical Analysis
NYSE:TU - New York Stock Exchange, Inc. - CA87971M1032 - Common Stock - Currency: USD
Taking everything into account, TU scores 2 out of 10 in our technical rating. TU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
68% of all other stocks performed better in the past year than TU.
In the last month TU has a been trading in the 15.60 - 16.73 range, which is quite wide. It is currently trading near the lows of this range.
TU has an average volume of 3021310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
TU is an average performer in the Diversified Telecommunication Services industry, it outperforms 44% of 35 stocks in the same industry.
TU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TU is lagging the market.
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
13.32
16.80
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.60 to 16.03. 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 @14.66 from a trend line in the weekly time frame.
- Support @14.36 from a trend line in the daily 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 16.22 to 16.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for TU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TU is down. |
| ChartMill Relative Strength | 32.06 | NEUTRAL | TU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TU is below 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) | 47.87 | NEUTRAL | The RSI value for TU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.51 | NEUTRAL | The Stochastics value for TU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for TU suggests low volalility. |
| Average Directional Index/ADX (14) | 19.08 | 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)
16.08
+0.19 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg1.2%
1 Week-0.12%
2 Weeks-2.66%
1 Month-2.72%
3 Month0.56%
6 Month11.59%
12 Month-1.95%
2 Year-8.43%
3 Year-28.6%
5 Year-12.66%
10 Year-1.8%
15 Year63.62%
Volatility
ATR(14)0.24
ATR(20)%1.41%
ATR Inc11.83%
Range Today0.33
ADR(20)0.21
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.06
Mansfield-0.41
10 Day High16.48
10 Day Low15.6
20 Day High16.74
20 Day Low15.6
52 Week High17.27
52 Week Low13.24
CS1 End16.03
CR1 Start16.22
Volume & EV
DER(3)-2.13%
DER(5)-0.57%
Volume3.63M
Volume Incr22.27%
Vol(5)3.73M
Vol(50)3.02M