TELUS stock falls around 1.5% as negative technical momentum and strong selling pressure persist

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Telus slides 1.56% today to c$12.27

Highlights

Shares of TELUS are trading below key moving averages with sustained selling pressure across short, medium, and long-term timeframes.
Technical momentum indicators are strongly negative and confirm oversold conditions, indicating sellers are firmly in control.
Expected trading range for TELUS stock over the next five days is C$12.08 to C$12.46, with a high probability of further downside.

Anton Kharitonov, expert at Traders Union, sees TELUS stuck in a deep technical downtrend. He highlights persistent negative momentum and dominance of sellers across all timeframes. The absence of fresh news removes any potential positive driver for a reversal. Oversold signals show relentless selling, not bargain-hunting. Kharitonov warns, "Until strong buying interest returns and support holds at C$12.08, I expect further downside risk to prevail."

Viktoras Karapetjanc, expert at Traders Union, believes current weakness in TELUS creates an attractive setup for patient investors. He sees oversold readings and defined support levels as a potential base for recovery. Lack of fresh fundamental drivers or institutional flows could cap near-term momentum, but the longer-term opportunity remains. Karapetjanc affirms, "Once TELUS stabilizes above C$12.08, I expect the market to reward forward-looking investors with renewed upside."

Sholanke Dele, market strategist, notes a clear lack of positive catalysts for TELUS. The bearish trend dominates as downside support is tested. He points out intraday weakness and subdued confidence without any supportive news backdrop. Dele states, "Given persistent bearish sentiment and absent news, I see little reason for optimism in the near term."

Intensified bearish signals as oversold metrics and resistance cluster

TELUS is trading below its 20-day (C$13.19), 50-day (C$13.79), and 200-day (C$16.7) moving averages, indicating continued pressure from sellers across all timeframes. Nearest support sits at C$12.08, with immediate resistance at C$12.28. The alignment between MA-50 and MA-200 reinforces a bearish long-term outlook. Momentum indicators remain strongly negative: both MACD and ADX indicate a sell, while RSI at 28.78, Stochastic RSI at 15.52, and CCI at -127.98 all flag oversold conditions, underlining persistent selling pressure. Bull/Bear Power (BBP) at -0.29 shows sellers are dominating intraday trading, and the Awesome Oscillator is neutral. The stock is near session lows with intraday volatility at 1.30%, and the tone remains negative.

Earlier, analysts noted that TELUS was facing persistent bearish momentum with little prospect for a near-term recovery. Current technical readings deepen this negative bias, and traders should closely monitor the C$12.08 support as a decisive breakdown there may trigger further downside risk.

Source of Data: T Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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