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.
The 10-day RSI Oscillator for TECK moved out of overbought territory on April 11, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 instances where the indicator moved out of the overbought zone. In of the 34 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where TECK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TECK turned negative on April 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
TECK broke above its upper Bollinger Band on April 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Momentum Indicator moved above the 0 level on April 18, 2024. You may want to consider a long position or call options on TECK as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 50-day moving average for TECK moved above the 200-day moving average on March 27, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TECK advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 249 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (1.200) is normal, around the industry mean (8.773). P/E Ratio (13.471) is within average values for comparable stocks, (93.950). Projected Growth (PEG Ratio) (0.742) is also within normal values, averaging (3.023). Dividend Yield (0.008) settles around the average of (0.083) among similar stocks. P/S Ratio (2.187) is also within normal values, averaging (242.394).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TECK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company that engages in mining and mineral development of copper, coal & zinc
Industry OtherMetalsMinerals