TELUS CORP (TU) Stock Technical Analysis
NYSE:TU - New York Stock Exchange, Inc. - CA87971M1032 - Common Stock - Currency: USD
Taking everything into account, TU scores 8 out of 10 in our technical rating. 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 is also trading in the upper part of its 52 week range, so TU is performing more or less in line with the market.
TU is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TU has an average volume of 3268010 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 33 other stocks in this industry, TU did better than 53% of them.
TU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.39, a Stop Loss order could be placed below this zone.
More info and screens
13.32
16.95
5 important support areas can be observed.
- A support zone ranging from 15.86 to 16.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.93 to 15.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.33 from a trend line in the weekly time frame.
- Support @13.93 from a horizontal line in the weekly time frame.
- Support @13.45 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.35 to 16.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.78 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 TU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TU is up. |
| ChartMill Relative Strength | 49.46 | NEUTRAL | TU is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.11 | NEUTRAL | The RSI value for TU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.67 | NEUTRAL | The Stochastics value for TU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for TU suggests low volalility. |
| Average Directional Index/ADX (14) | 27.77 | POSITIVE | The high ADX value value for TU 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)
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 |
|---|---|---|---|
| 16.50 | 15.92 | 0.58 (3.52%) | 25.00% |
| An entry @16.50. This is a Buy Stop order right above the resistance zone. | An exit @15.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.58 points, which is 3.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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.
16.35
-0.05 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-0.3%
1 Week-0.24%
2 Weeks2.25%
1 Month9.51%
3 Month3.48%
6 Month4.07%
12 Month-1.27%
2 Year-15.98%
3 Year-26.62%
5 Year-2.5%
10 Year-5.05%
15 Year80.66%
Volatility
ATR(14)0.2
ATR(20)%1.59%
ATR Inc-28.2%
Range Today0.15
ADR(20)0.25
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.46
Mansfield0.1
10 Day High16.61
10 Day Low15.93
20 Day High16.61
20 Day Low15.15
52 Week High17.27
52 Week Low13.24
CS1 End16.39
CR1 Start16.41
Volume & EV
DER(3)-0.54%
DER(5)0.2%
Volume2.49M
Volume Incr-10.34%
Vol(5)2.57M
Vol(50)3.27M