RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TU
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TELUS Corporation stock price ended at $16.01 on Thursday, after gaining 0.629%.
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.63% PDF

The TELUS Corporation stock price gained 0.629% on the last trading day (Thursday, 28th Mar 2024), rising from $15.91 to $16.01. During the last trading day the stock fluctuated 1.64% from a day low at $15.88 to a day high of $16.14. The price has fallen in 6 of the last 10 days and is down by -2.97% for this period. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately $56.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.21% during the next 3 months and, with a 90% probability hold a price between $14.04 and $15.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TU Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TELUS Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.09 and $17.10. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for TELUS Corporation stock

TELUS Corporation finds support from accumulated volume at $15.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.261 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 2.15%.

TELUS Corporation is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $15.16 (-5.31%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (TU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect TELUS Corporation to open at $16.01, and during the day (based on 14 day Average True Range), to move between $15.68 and $16.34, which gives a possible trading interval of +/-$0.330 (+/-2.06%) up or down from last closing price. If TELUS Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.99 (0.12%) than the resistance at $17.56 (9.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TELUS Corporation stock A Buy?

TELUS Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.606 Hold/Accumulate Unchanged

Predicted Opening Price for TELUS Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.01 ( 0.0187%) $16.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.27 1.61 %
R2 16.17 0.99 %
R1 16.11 0.604 %
Current price: 16.01
Support S1 15.91 -0.641 %
S2 15.85 -1.03 %
S3 15.75 -1.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.12 13.18 %
R2 17.90 11.81 %
R1 17.56 9.68 %
Current price 16.01
Support S1 15.99 -0.125%
S2 15.91 -0.625%
S3 15.70 -1.94%

TU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2024 Mar 08, 2024 Apr 01, 2024 $0.279 1.74%
2 Nov 03, 2023 Dec 08, 2023 Jan 02, 2024 $0.270 1.51%
3 Aug 04, 2023 Sep 07, 2023 Oct 02, 2023 $0.274 1.75%
4 May 04, 2023 Jun 08, 2023 Jul 04, 2023 $0.272 1.39%
5 Feb 09, 2023 Mar 09, 2023 Apr 03, 2023 $0.255 1.27%

FAQ

What is the symbol for TELUS Corporation Stock and on which exchange is it traded?
The symbol for TELUS Corporation is TU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell TELUS Corporation Stock?
TELUS Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy TELUS Corporation Stock?
TELUS Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TELUS Corporation Stock.

What's the current price of TELUS Corporation Stock?
As of the end of day on the 2024-03-28, the price of an TELUS Corporation (TU) share was $16.01.

What is the 52-week high and low for TELUS Corporation Stock?
The 52-week high for TELUS Corporation Stock is $21.34 and the 52-week low is $15.47.

What is the market capitalization of TELUS Corporation Stock?
As of the 2024-03-28, the market capitalization of TELUS Corporation is 23.499B.

When is the next earnings date for TELUS Corporation?
The upcoming earnings date for TELUS Corporation is May 02, 2024.
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About TELUS Corporation

TELUS TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, m... TU Profile

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