Teck Resources Ltd (NYSE:TECK) Jumped Up 2.1%, But Why?

In its latest trading session, Teck Resources Ltd (NYSE:TECK) spiked up by 2.1% – here is what that looked like (as of 2019-12-24):

What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.355, an Accumulation/Distribution Index (ADI) of 0.355, an On-Balance Volume (OBV) of 61.266, and a Chaiikin Money Flow (CMF) of -16.9. 1.211

So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Teck Resources Ltd (NYSE:TECK). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.