Teck Resources Limited | TECK

Daily Technical Analysis of Teck Resources Limited

Not too much action today, Teck Resources Limited drifted down slightly. We'll see where it goes next.

Currently TECK isn't at a clear support/resistance line that seems tradable. TECK hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. TECK might find some support at the 35.03 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Teck Resources Limited By Price Target And Rating

The analysts are pretty neutral on Teck Resources Limited right now, so not much useful information here. The current Analysts Sentiment Score is 8.06. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-11 Morgan Stanley reiterated their rating of Overweight and added a price target of $55.00. Benchmark provided a price target boost of 4% to $52.00 from $50.00 on 2024-04-08. UBS Group initiated a rating of Buy on 2024-01-16. On 2023-11-10 there was an upgrade provided by Wolfe Research from Peer Perform to Outperform. B. Riley announced a lowering of their price target to $63.00 from $78.00 on 2023-10-26. JPMorgan Chase & Co. announced that they are initiating coverage with a rating of Overweight on 2023-10-17 and they set their price target at $52.00.On 2023-10-17 there was a downgrade announced by Scotiabank from Sector Outperform to Sector Perform. On 2023-07-27 there was an upgrade provided by National Bank Financial from Sector Perform to Outperform. On 2023-07-10 Stifel Nicolaus lowered their price target by -5.56% to $68.00. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $48.00 from $46.00 on 2023-07-05.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Teck Resources Limited

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Teck Resources Limited

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.