TLK Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for TLK for the next trading week:
Technical Analysis
- RSI (14) at 44.21 indicates neutral momentum
- MACD at -0.39 with histogram at -0.09 shows weakening bearish momentum
- Stochastic (14,3,3) at 36.05 indicates oversold conditions
- Price is trading below all major SMAs (5,10,20,60,200,250), indicating strong bearish trend
- Bollinger Bands show price near lower band (13.71), suggesting potential bounce
Support/Resistance Levels
- Key Support: $14.48 (Fibonacci S1)
- Strong Support: $14.02 (Fibonacci S2)
- Key Resistance: $15.97 (Fibonacci R1)
- Strong Resistance: $16.43 (Fibonacci R2)
News Analysis
- TLK has entered oversold territory with RSI reading of 29.6
- Recent heavy selling pressure shows signs of exhaustion
- Positive comparison against BCE with better value metrics and Zacks Rank #2 (Buy)
- Strong improvement in earnings outlook compared to peers
Price Prediction for Next Week
Base Case (60% probability): $15.20-15.80
- Bounce from oversold conditions
- Support from positive fundamental outlook
Bullish Case (25% probability): $15.80-16.40
- Break above Fibonacci R1
- Strong value buying interest
Bearish Case (15% probability): $14.20-14.80
- Continued market weakness
- Break below current support
Target Price: $15.52 with initial support at $14.48 and resistance at $15.97
The analysis suggests a likely bounce from oversold conditions with upside potential to $15.52, supported by positive fundamentals and exhausted selling pressure.
TLK Similar Chart Price Prediction
The price of TLK is predicted to go up -11.84%, based on the high correlation periods with TROX. The similarity of these two price pattern on the periods is 95.8%.
TLK
TROX
Down: -11.84%Similarity: 95.8%
