TECK RESOURCES LTD

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TECK
ISIN:	CA8787422044

TECK RESOURCES LTD - Weekly - Technical analysis published on 08/04/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

44%

28%

My opinion

Bearish under 31.83 USD

My targets

25.84 USD (-10.94%)

23.36 USD (-19.48%)

My analysis

The strong short-term decline in TECK RESOURCES LTD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 31.83 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 25.84 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.36 USD as an objective. Crossing it would then enable sellers to target 18.90 USD. Be careful, a return to above 31.83 USD could jeopardize the reversal.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

0.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TECK RESOURCES LTD rating is 29.01 USD. Over 5 days, this instrument gained +5.92% with the lowest point at 27.50 USD and the highest point at 29.13 USD. The deviation from the price is +5.49% for the low point and -0.41% for the high point.

27.50

29.13

29.01

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Weekly of this TECK RESOURCES LTD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Weekly

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.98	18.90	23.36	29.01	29.16	35.66	43.35
Change (%)	-51.81%	-34.85%	-19.48%	-	+0.52%	+22.92%	+49.43%
Change	-15.03	-10.11	-5.65	-	+0.15	+6.65	+14.34
Level	Intermediate	Major	Major	-	Major	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.46	27.02	27.53	28.09	28.60	29.16	29.67
Camarilla	27.75	27.84	27.94	28.04	28.14	28.24	28.33
Woodie	26.44	27.01	27.51	28.08	28.58	29.15	29.65
Fibonacci	27.02	27.43	27.68	28.09	28.50	28.75	29.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.60	24.78	27.09	28.27	30.58	31.76	34.07
Camarilla	28.43	28.75	29.07	29.39	29.71	30.03	30.35
Woodie	24.16	25.06	27.65	28.55	31.14	32.04	34.63
Fibonacci	24.78	26.12	26.94	28.27	29.61	30.43	31.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.85	22.28	25.84	28.27	31.83	34.26	37.82
Camarilla	27.74	28.29	28.84	29.39	29.94	30.49	31.04
Woodie	20.41	22.56	26.40	28.55	32.39	34.54	38.38
Fibonacci	22.28	24.57	25.99	28.27	30.56	31.98	34.26

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.82
MACD (12,26,9):	-1.5500
Directional Movement:	-8.17
AROON (14):	-35.71
DEMA (21):	32.36
Parabolic SAR (0,02-0,02-0,2):	39.47
Elder Ray (13):	-3.94
Super Trend (3,10):	40.22
Zig ZAG (10):	28.96
VORTEX (21):	0.8700
Stochastique (14,3,5):	16.19
TEMA (21):	28.85
Williams %R (14):	-79.82
Chande Momentum Oscillator (20):	-8.10
Repulse (5,40,3):	4.1000
ROCnROLL:	2
TRIX (15,9):	0.1400
Courbe Coppock:	51.08

MA7:	28.21
MA20:	27.24
MA50:	33.49
MA100:	36.52
MAexp7:	29.96
MAexp20:	33.37
MAexp50:	31.75
MAexp100:	27.64
Price / MA7:	+2.84%
Price / MA20:	+6.50%
Price / MA50:	-13.38%
Price / MA100:	-20.56%
Price / MAexp7:	-3.17%
Price / MAexp20:	-13.07%
Price / MAexp50:	-8.63%
Price / MAexp100:	+4.96%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on TECK RESOURCES LTD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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