Teck Resources Stock Rises 3.68% With Bullish Technical Signals Near Key Resistance

Candlestick Theory
Teck Resources' price action reveals a bullish engulfing pattern on September 24th, 2025 (3.60% gain on high volume), followed by a consolidation doji on September 25th and a decisive 3.68% white candle closing at $41.44 on September 26th. This sequence signals strong buyer conviction. Key resistance is evident near $42.21 (September 16th and September 12th highs), while robust support appears at $38.60 (tested September 22nd–23rd and aligned with the 50-day moving average). The recent close near session highs suggests latent upside pressure, though profit-taking may emerge near the $42.21 double-top resistance.
Moving Average Theory
Teck trades above all key moving averages (50-day at ~$38.50, 100-day at ~$37.00, 200-day at ~$40.00), confirming a major bullish trend. The 50-day MA has acted as dynamic support during September pullbacks, while the 200-day MA’s upward slope since mid-2025 underscores the long-term uptrend. A bullish golden cross materialized in August 2025 when the 50-day crossed above the 200-day MA, adding technical validation to the equity’s structural strength. The ascending alignment of shorter MAs above longer ones signals sustained momentum.
MACD & KDJ Indicators
The MACD histogram has turned positive after a brief dip in mid-September, signaling recovering bullish momentum. Concurrently, the KDJ oscillator shows the %K line crossing above %D from oversold territory (<30) on September 24th, aligning with the price rebound. While the KDJ now approaches overbought levels (near 80), the MACD line’s upward trajectory suggests any pullback could be corrective rather than trend-reversal. Divergence is absent—both oscillators support the current upswing.
Bollinger Bands
Volatility expanded sharply during the September 9th breakout (11.28% surge), with price hitting the upper band. Recent sessions show the bands contracting, suggesting diminishing volatility. The September 26th close near the upper band ($41.70) indicates bullish momentum dominance, though it may foreshadow a short-term consolidation. Critical support rests at the 20-day SMA (middle band, ~$39.50), with a breach below potentially triggering profit-taking.
Volume-Price Relationship
Volume surged 100% during the September 9th rally (41.7M shares), confirming institutional accumulation. The September 24th rebound saw volume spike to 10.6M shares (+81% vs. prior sessions), validating buyer conviction. However, the September 26th advance occurred on 5.3M shares—notably lower than September 24th—suggesting caution near resistance. This divergence implies waning momentum at current levels and heightens sensitivity to resistance tests at $42.21.
Relative Strength Index (RSI)
The 14-day RSI is estimated near 65, rebounding from neutral (50) but below overbought (70). While not yet signaling exhaustion, the indicator’s approach to the 70-75 zone—last seen before the mid-September dip—warrants vigilance. No bearish divergence exists currently, as RSI and price have risen in tandem. Traders should monitor for RSI reversal patterns if prices test $42.21 resistance.
Fibonacci Retracement
Applying Fib levels to the $38.56 (September 9th low) to $42.21 (September 16th high) swing yields critical thresholds: 23.6% ($41.35), 38.2% ($40.82), and 61.8% ($39.95). The September 26th close above the 23.6% retracement signals bullish resilience. These levels now act as potential support during pullbacks, with $40.82 (38.2%) offering a high-probability bounce zone should profit-taking emerge.
Confluence and Probabilities
Confluence exists at $38.60–$39.00 (50-day MA, volume support, and Fib 61.8%). A decisive break above $42.21 resistance—validated by volume expansion—could catalyze a measured move toward $44.00. However, overbought KDJ signals, declining volume on advances, and RSI nearing cautionary territory suggest near-term consolidation is probable before further upside. Divergences are minimal across indicators, reinforcing the primary bullish trend but hinting at short-term fatigue near resistance.