TU Technical Analysis - TELUS CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TU. 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.

76% of all other stocks performed better in the past year than TU.

In the last month TU has a been trading in the 15.61 - 16.65 range, which is quite wide. It is currently trading near the lows of this range.

TU has an average volume of 3211550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

TU is part of the Diversified Telecommunication Services industry. There are 36 other stocks in this industry, TU did better than 42% of them.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, TU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.63, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.31

16.80

3 important support areas can be observed.

A support zone ranging from 15.60 to 15.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @14.57 from a trend line in the daily time frame.
A support zone ranging from 13.44 to 13.48. 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 15.85 to 16.19. 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 16.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	24.5	NEGATIVE	TU has a low relative strength, it was outperformed by 75.5% off all stocks 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)	DOWN	NEGATIVE	The current price of TU is below a declining 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)	36.66	NEUTRAL	The RSI value for TU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests TU has a negative trend, although the MACD value is rising.
Stochastics (14,3)	8.89	OVERSOLD	The low Stochastics value suggests TU may be oversold.
Average True Range in percent/ATR (20)	1.4	LOW VOLATILITY	The low ATR as a percentage value for TU suggests low volalility.
Average Directional Index/ADX (14)	28.69	POSITIVE	The high ADX value value for TU suggests a strong trend.