Fri 21'st Apr 2017
TELUS Corporation Stock Analysis
Technical stock analysis for Fri 21'st Apr 2017
Hold candidate since 2017-04-21
TELUS Corporation lies in the middle of a weak 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 -2.1% during the next 3 months and, with 90% probability hold a price between USD 30.36 and USD 32.79 at the end of this period.
TELUS Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 33.13. On a fall, the stock will find some support from the long-term average at approximately USD 32.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday April 19, 2017, which indicates further gains 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 may be an early warning. The stock should be watched closely.
* 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.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
TELUS Corporation finds support from accumulated volume at USD 32.80, USD 32.66, and USD 32.37. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 33.44, USD 32.96 and USD 33.08.
The stock is about to test the resistance from accumulated volume at USD 33.44 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 USD 0.25 (0.77%) between high and low. For the last week, the stock has had a daily average volatility of 1.27%.
Our recommended stoploss: USD 31.11 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)