TECK Price Prediction Next Week
Based on the recent data and market analysis, here's the prediction for TECK's stock price for the next trading week:
Technical Analysis
- Current price: $41.13 (as of Feb 21, 2025 close)
- Recent price action shows a bearish trend with increased volatility
- RSI indicates oversold conditions, suggesting potential bounce
- Key support level at $40.00, resistance at $43.50
News Impact Analysis
- Raymond James raised price target to C$71 from C$70
- Canaccord increased price target to C$72 from C$71
- Strong Q4 2024 performance with record copper production
- Company shows resilience against potential U.S. tariffs as most exports go to Asia and Europe
Price Prediction for Next Week
Base case (60% probability): $40.50-$42.50
- Consolidation expected after recent selloff
- Support from positive analyst ratings
- Strong fundamentals with record copper production
Bullish case (25% probability): $42.50-$44.00
- Technical bounce from oversold conditions
- Continued positive analyst sentiment
- Strong copper market fundamentals
Bearish case (15% probability): $39.00-$40.50
- Further market volatility
- General market weakness
- Profit taking after recent gains
Trading Recommendation: BUY
- Entry point: Current levels ($41.13)
- Target: $42.50
- Stop loss: $39.80
- Strong fundamentals and positive analyst sentiment support upside potential
- Oversold conditions suggest favorable risk/reward ratio
TECK Similar Chart Price Prediction
The price of TECK is predicted to go up 28.79%, based on the high correlation periods with SLP. The similarity of these two price pattern on the periods is 90.98%.
TECK
SLP
Up: 28.79%Similarity: 90.98%
TECK Revenue Forecast
TECK EPS Forecast
TECK FAQs
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TECK VS S&P500
Emerging-market demand for steel, producer consolidation and supply discipline, and the relative paucity of high-grade metallurgical coal deposits could backstop pricing.
Teck is materially increasing its copper production to take advantage of increased demand due to trends including decarbonization and electrification.
Teck's extensive copper growth pipeline makes it attractive to potential acquirers.
TECK Analyst's Forecast
Brian MacArthur
Raymond James
Buy
2025-01-22
Price Target
$75 → $70
Upside
+63.13%
Raymond James analyst Brian MacArthur lowered the firm's price target on Teck Resources to C$70 from C$75 and keeps an Outperform rating on the shares.
Bill Peterson
JP Morgan
Buy
2025-01-16
Price Target
$55 → $51
Upside
+20.4%
Abhi Agarwal
Deutsche Bank
Strong Buy → Hold
2024-10-25
Price Target
$50
Upside
+5.57%
