TECK RESOURCES LTD - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 17.34 USD
My targets
15.83 USD (-2.28%)
14.91 USD (-7.96%)
My analysis
TECK RESOURCES LTD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 17.34 USD. The next support located at 15.83 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.91 USD. Below this support, sellers could then target 12.25 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TECK RESOURCES LTD price is 16.20 USD. The price registered an increase of +1.12% on the session with the lowest point at 16.12 USD and the highest point at 16.31 USD. The deviation from the price is +0.50% for the low point and -0.67% for the high point.16.12
16.31
16.20
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TECK RESOURCES LTD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.25 | 14.91 | 15.83 | 16.20 | 17.34 | 18.68 | 19.61 |
| Change (%) | -24.38% | -7.96% | -2.28% | - | +7.04% | +15.31% | +21.05% |
| Change | -3.95 | -1.29 | -0.37 | - | +1.14 | +2.48 | +3.41 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.34 | 15.56 | 15.79 | 16.02 | 16.25 | 16.47 | 16.70 |
| Camarilla | 15.90 | 15.94 | 15.98 | 16.02 | 16.06 | 16.10 | 16.15 |
| Woodie | 15.34 | 15.56 | 15.79 | 16.02 | 16.25 | 16.47 | 16.70 |
| Fibonacci | 15.56 | 15.73 | 15.84 | 16.02 | 16.19 | 16.30 | 16.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.34 | 15.04 | 15.71 | 16.41 | 17.08 | 17.78 | 18.45 |
| Camarilla | 16.01 | 16.14 | 16.26 | 16.39 | 16.52 | 16.64 | 16.77 |
| Woodie | 14.34 | 15.03 | 15.71 | 16.40 | 17.08 | 17.77 | 18.45 |
| Fibonacci | 15.04 | 15.56 | 15.88 | 16.41 | 16.93 | 17.25 | 17.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.27 | 12.89 | 14.36 | 15.98 | 17.45 | 19.07 | 20.54 |
| Camarilla | 14.98 | 15.26 | 15.55 | 15.83 | 16.11 | 16.40 | 16.68 |
| Woodie | 11.20 | 12.85 | 14.29 | 15.94 | 17.37 | 19.03 | 20.46 |
| Fibonacci | 12.89 | 14.07 | 14.80 | 15.98 | 17.16 | 17.89 | 19.07 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.25 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | 2.09 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 16.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.31 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 15.30 | |
| Zig ZAG (10): | 16.25 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 31.07 | |
| TEMA (21): | 16.37 | |
| Williams %R (14): | -67.10 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.53 |
| MA7: | 16.24 | |
| MA20: | 16.53 | |
| MA50: | 16.61 | |
| MA100: | 17.92 | |
| MAexp7: | 16.27 | |
| MAexp20: | 16.42 | |
| MAexp50: | 16.77 | |
| MAexp100: | 17.76 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -2.00% | |
| Price / MA50: | -2.47% | |
| Price / MA100: | -9.60% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -3.40% | |
| Price / MAexp100: | -8.78% |
News
The last news published on TECK RESOURCES LTD at the time of the generation of this analysis was as follows:
- Home Value Forecast: A+ for Arizona Housing Metros
- Home Value Forecast: Sweet Carolina – North Carolina Closing the Year on High Note
- Pro Teck Changes Name to Pro Teck Valuation Intelligence
- Home Value Forecast: Live Free or Buy
- Home Value Forecast: A+ for Albuquerque, NM, as Southwest Markets Get Hot
This member declared not having a position on this financial instrument or a related financial instrument.
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