Bullish signal on Teck Resources (TECK), as it hits lower rail of upwardly sloped trend channel
Canadian mining company Teck Resources (NYSE: TECK) struggled throughout 2018, but the stock is showing signs of life in 2019. Since late November the stock has seen a series of higher lows that have formed a trend line. That trend line is actually the lower rail of an upwardly sloped trend channel and the stock hit it in the last few days.
You can see that the daily stochastic readings are in oversold territory and just made a bullish crossover. The indicators did the same thing back in November when the first low was hit to start forming the trend channel.
The Tickeron AI Trend Prediction tool generated a bullish signal on Teck Resources on February 14. That signal came with a confidence level of 75% that the stock would see a gain of at least 4% over the next month. Previous signals of this nature have been successful 77% of the time.
The fundamentals for Teck Resources are quite muddled. The company has seen earnings grow at an annual rate of 227% for the last three years, but they declined by 26% in the most recent quarter and are expected to decline by 30% in the current year.
Sales have grown by 21% per year over the last three years, but were only up 3% in the most recent quarterly report.
TECK sees MACD Histogram crosses below signal line
TECK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 17, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on March 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on TECK as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
TECK moved below its 50-day moving average on March 05, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TECK crossed bearishly below the 50-day moving average on March 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TECK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TECK's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where TECK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TECK advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
TECK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 271 cases where TECK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.411) is normal, around the industry mean (46.443). P/E Ratio (25.579) is within average values for comparable stocks, (66.959). Projected Growth (PEG Ratio) (0.964) is also within normal values, averaging (5.845). TECK has a moderately low Dividend Yield (0.007) as compared to the industry average of (0.029). P/S Ratio (3.333) is also within normal values, averaging (399.849).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TECK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a company that engages in mining and mineral development of copper, coal & zinc
Industry OtherMetalsMinerals
Advertisement