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TU - TELUS Corporation

Industry: Wireless Communications Sector: Technology Exchange: NYSE

Thu 18'th Jan 2018

PERIOD 2017-10-19 - 2018-01-18
CHANGE -0.48%
PRICE $37.68
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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TELUS Corporation Stock Analysis

Technical stock analysis for Thu 18'th Jan 2018

Shorts 12.03% ( 2017-12-29 )
Cash 1 596.9 mill
Loans 41 617.2 mill
Beta 0.91
ROA 4.40
Hold candidate since 2018-01-17 Loss -0.48%

TELUS Corporation fell by -0.48% in the last day from $37.86 to $37.68 The price has risen in 5 of the last 10 days , but is still down by -0.45% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -158 513 shares and in total 235 319 shares bought and sold for approximately $8.87 million.

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Trend

TELUS Corporation lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.41% during the next 3 months and, with 90% probability hold a price between $38.47 and $40.54 at the end of this period.

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Signals

TELUS Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $37.54 and $37.59. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday January 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Tuesday October 24, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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A sell signal from a double top formation was found on Wednesday January 17, 2018 and based on theory for this formation the price should fall by -0.85% to $37.17 within 7 trading days since signal was issued (Friday January 26, 2018).

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

TELUS Corporation finds support from accumulated volume at $37.65. On the upside the stock meets some resistance just above today's level from accumulated volume at $37.85, $38.06 and $38.25.

The stock is about to test the resistance from accumulated volume at $37.85 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $37.65 Price: $37.68 Resistance: $37.85

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.22 (0.58%) between high and low. For the last week, the stock has had a daily average volatility of 1.10%.

Our recommended stoploss: $36.07 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

TELUS Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

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