TELUS stock price prediction: Consolidation expected as support at C$11.54 faces pressure

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Telus drops 1.35% after scam protection launch

Highlights

TELUS introduces Scam Protection powered by Norton at no extra cost with new mobility data plans for calls, texts, and emails.
This security initiative may enhance customer acquisition and retention by strengthening TELUS's value proposition in digital protections.
Shares of TELUS closed at C$11.71, trading in a forecast range of C$11.54 to C$11.88 with mixed short-term momentum signals.

Customer retention bolstered as comprehensive scam protection launches

TELUS has launched Scam Protection powered by Norton, becoming the first Canadian telecommunications provider to offer comprehensive scam protection for calls, texts, and emails at no additional cost with its new mobility data plans, according to Newswire. This initiative enhances the value proposition of TELUS's mobility offerings, potentially supporting customer acquisition and retention through improved digital security. The added protection may increase customer loyalty and demand, though price action has remained under broader selling pressure.

Technical signals mixed as momentum indicators diverge near session low

The hourly chart shows T trading below the MA-20 at C$11.84 and above the MA-50 at C$11.62, while remaining well below the long-term MA-200 at C$16.01. Immediate resistance is defined by the Ichimoku Kijun at C$11.83, with MA-50 providing intermediate support. MACD and ADX currently suggest buy momentum, as RSI stands at 55.95 and Stochastic RSI signals a buy, while Bull/Bear Power also leans toward buyers. Nevertheless, CCI and the Awesome Oscillator are neutral, reflecting a lack of conviction across all oscillators. Price action closed near the session low, following a day of low volatility and a non-zero gap of C$0.09.

Consolidation expected as test of resistance or support looms

In the short term, T is forecast to trade within a range of C$11.54 to C$11.88 over the next two to three trading days, with a 56% probability of an upward move. The baseline scenario points to continued consolidation within this volatility band. If the price surpasses immediate resistance at C$11.83, a test of the upper boundary near C$11.88 is likely. Conversely, a failure to hold support may result in a decline below C$11.54.

Anton Kharitonov, Traders Union expert, sees persistently weak price action in TELUS despite the new Scam Protection product launch. He notes that fundamentals may improve with stronger subscriber retention, but technical momentum remains subdued under key averages. The oscillators show a mixed picture, and price action closed near session lows. "Unless TELUS reclaims C$11.83, the upside case remains unconvincing in the near term."

Earlier, analysts noted that TELUS's expansion initiatives and service enhancements were contributing new growth drivers to the stock despite mixed technical momentum. The current analysis adds that, while recent product launches continue to bolster the company’s offering, price action remains pressured and traders should monitor C$11.83 as a key level for a potential move toward the upper volatility band.

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.