TELUS CORP (TU) Stock Technical Analysis
NYSE:TU • CA87971M1032
We assign a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 76% of all other stocks performed better in the past year than TU.
- TU is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 80% of 37 stocks in the same industry do better.
- TU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month TU has a been trading in the 13.25 - 14.42 range, which is quite wide. It is currently trading near the lows of this range.
- TU has an average volume of 5852160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TU has a poor technical rating and the quality of the setup is also only medium 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 can see 2 important areas.
- A support zone ranging from 13.31 to 13.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.74 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.14 to 14.32. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for TU is down. |
| ChartMill Relative Strength | 24.37 | NEGATIVE | TU has a low relative strength, it was outperformed by 75.63% 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) | UP | POSITIVE | The current price of TU is above the rising 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) | 45.6 | NEUTRAL | The RSI value for TU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.21 | NEUTRAL | The Stochastics value for TU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for TU suggests low volalility. |
| Average Directional Index/ADX (14) | 29.3 | POSITIVE | The high ADX value value for TU suggests a strong trend. |
13.59
+0.07 (+0.52%)
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 45.5968. 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 negative.
What are the support and resistance levels for TELUS CORP (TU) stock?
TELUS CORP (TU) has a support level at 13.57 and a resistance level at 13.74. Check the full technical report for our detailed analysis of TU support and resistance levels.