While this happened, A number of analysts have revised their coverage, including Desjardins’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. National Bank Financial also remained covering TECK and has decreased its forecast on December 10, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. UBS revised its rating on November 11, 2024. It rated TECK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TECK
On Monday, Teck Resources Ltd [NYSE:TECK] saw its stock fall -0.55% to $32.73. Over the last five days, the stock has lost -2.59%. Teck Resources Ltd shares have fallen nearly -19.25% since the year began. Nevertheless, the stocks have fallen -30.10% over the past one year. While a 52-week high of $54.69 was reached on 01/21/25, a 52-week low of $28.32 was recorded on 04/09/25. SMA at 50 days reached $38.87, while 200 days put it at $44.47.
Levels Of Support And Resistance For TECK Stock
The 24-hour chart illustrates a support level at 32.17, which if violated will result in even more drops to 31.60. On the upside, there is a resistance level at 33.29. A further resistance level may holdings at 33.84. The Relative Strength Index (RSI) on the 14-day chart is 40.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.88%. Stochastics %K at 48.40% indicates the stock is a holding.
How much short interest is there in Teck Resources Ltd?
A steep rise in short interest was recorded in Teck Resources Ltd stocks on 2025-03-31, growing by 1.17 million shares to a total of 9.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.29 million shares. There was a rise of 12.34%, which implies that there is a positive sentiment for the stock.
