TELUS shares technical analysis: Buyer support hints at recovery attempt despite mixed momentum signals

Traders Union
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TELUS gains 1.24% today to C$11.85

Highlights

TELUS has added scam protection across calls, texts, and emails to all new mobility data plans through a partnership with Norton.
The opening of a 900-workstation operations center in Guatemala City expands TELUS' service delivery capacity in Central America.
Shares of TELUS closed at C$11.85, with bullish short- and medium-term momentum targeting a range of C$11.51 to C$12.19.

Service differentiation and Central America expansion lift demand outlook

TELUS has partnered with Norton to launch Scam Protection, becoming the first Canadian telecommunications provider to include comprehensive scam prevention across calls, texts, and emails in all new mobility data plans, according to Newswire. This product rollout not only differentiates TELUS in a highly competitive market but also directly enhances its service value proposition, which can drive increased customer adoption and loyalty. Additionally, the recent opening of a 900-workstation operations center in Guatemala City, as reported by Nearshoreamericas, expands TELUS' delivery capacity in Central America and supports its international growth ambitions. These combined initiatives are contributing to stronger demand sentiment around the stock.

Mixed momentum as technicals show bull bias with rebound potential

Key technical levels for T include support at the Ichimoku Kijun, currently at C$11.7, with the price trading above both the MA-20 (C$11.85) and MA-50 (C$11.54), but still below the longer-term MA-200 (C$16.04). Momentum indicators present a mixed picture: MACD signals a strong buy and ADX also points to a buy, highlighting bullish attempts. Conversely, RSI sits at 47.55 (Sell), while both Stochastic RSI and CCI show oversold conditions, suggesting potential for a near-term rebound. Bull/Bear Power favors buyers intraday, though the Awesome Oscillator remains neutral, reflecting uncertainty in trend direction and intraday volatility.

Upward bias prevails as price targets volatility band breakout

For the short term, T is forecast to trade within a range of C$11.51 to C$12.19, with a 77% probability favoring an upward move. A break above C$12.19 could signal further upside momentum, while a drop below immediate support at C$11.7 would suggest a short-term bearish scenario. The base case is for price action to remain contained within the projected volatility band.

Anton Kharitonov, analyst at Traders Union, sees TELUS showing short-term technical strength backed by recent product and expansion news. He remains cautious due to mixed momentum signals and resistance from the MA-200 at C$16.04. Defensive levels at C$11.7 need to hold to sustain any rebound. "I stay guarded on TELUS until the price can convincingly clear C$12.19 and confirm follow-through buying."

Previously it was reported that TELUS’s dividend cut and persistent technical weakness had put focus on downside risks for the stock. The launch of Scam Protection and further international expansion now add new growth drivers to the outlook, making C$12.19 a key resistance level to watch for potential upside momentum.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.