Telus Corp (TU): Price Now Near $22.64; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TU

At the time of this writing, TU (Get Ratings)’s price is down $-0.06 (-0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Communication stocks, TU ranks 45th in regards to today’s price percentage change.

TU’s Technical Outlook on the Daily Chart

At the moment, TU’s price is down $-0.04 (-0.18%) from the day prior. This is the 3rd day in a row TU has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Telus Corp’s price action over the past 90 days can be seen via the chart below.

TU

For TU News Traders

Investors and traders in TU may be particularly interested in the following story that came out in the past day:

TELUS Health Drug Trends report: Acute medication claims declined in early months of pandemic

Sixth annual report suggests changes in Canadians health priorities with decreased use of medications such as antibiotics for common infections

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market