TECHNICAL TRADING SCORECARD
TECK.B TSX
Teck Resources Ltd · held position
Last Price (CAD) $86.45
Unrealized G/L +68.6% (+C$15,861)
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30) · CAD
Portfolio weight 2.11% (Canada)
HOLDKeep the full position: trend Up, Friday close above the 40-wk SMA ($84.15). Profit-Taking is reference only.
Trend health
Trend Score (8–16 wk)
● Up
Score 46/100. Lags S&P/TSX, leads sector; above rising 40-wk. Raw Neutral this Friday, needs a 2nd to confirm.
Opportunity cost (relative strength, weekly)
Lagging the S&P/TSX for 2 weeks (-6.1% relative)
Leading TSX materials (XMA) for 5 weeks (+9.2% relative)
Key levels for holders
Breakout Level
confirms hold | Friday close above $88.03 | +1.8% | top of R1 (wk high 04-24, wk low 08-21) |
Profit-Taking Zone (ref.)
reference · rebalance if overweight | $90.67–92.67 | +4.9% to +7.2% | wk low 10-02, wk high 05-15 |
Trade Breakdown
review thesis, no trade | Friday close below $84.15 | -2.7% | 40-wk SMA 84.15 |
Trend Breakdown (ref.)
reference · no verdict impact | Friday close below $80.55 | -6.8% | trend stop; next support $75.20–76.38 |
If broken, then…
Trade Breakdown (40-wk SMA; Friday close < $84.15): review the thesis (earnings, estimates, guidance). No trade yet.
Trend Breakdown (reference only) (Friday close < $80.55): no verdict impact; reassess if the story has also weakened. Next support $75.20–76.38.
Sluymer's view: No direct call. Not named in the 15 reports. Sector: “Metals (FCX) and Steels (STLD) have pulled back to support and are beginning to bottom” (CB Oct 6).
Watch this week: Fri Nov 6: a Friday close ≥ $78.97 (-8.7%) lifts RS vs the S&P/TSX off Est. Down; a Friday close below the 40-wk SMA $84.15 is the Trade Breakdown.
APPENDIX · TECK.B (TSX) · TECHNICAL TRADING SCORECARDHeld-card Trade Breakdown level = 40-wk SMA 84.15.
For adding / new entries (not used for held-position decisions)
| Level | Price | From close | Note |
|---|
| Buy zone | $84.15–85.42 | -1.2% to -2.7% | wk high 02-27, 200-day SMA, 40-wk SMA |
| Trading stop · daily close | below $84.15 | -2.7% | trading downgrade one state; re-anchor to S2 80.55–82.65 |
| Breakout Buy Level | close above $88.03 | +1.8% | top of R1 (wk high 04-24, wk low 08-21) |
| Trading (10–20 day) state | Established Down: Below 50-day; daily RS vs S&P/TSX Est. Down. |
Scores · Trend 46.2
| RS vs S&P/TSX (20) + sector (10) | 0.0 + 7.7 = 7.7 / 30 |
| Structure (6 checks) | 20 / 30 |
| Score = (RS + structure) × 100/60 | 46.2 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Neutral |
| Confirmation (2 consecutive Fridays) | confirmed Up; Neutral pending 1/2 |
| Trend (confirmed) | Up |
✔ Fri close above 40-wk SMA 6/6 · ✔ 40-wk SMA rising (4 wks) 4/4 · ✖ No lower high vs cycle high 0/5 · ✖ Fri close above 20-wk SMA 0/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✔ 4-mo SMA > 13-mo SMA (completed months, to Sep) 5/5
Weekly raw states: 09-25 Up → 10-02 Up → 10-09 Up → 10-16 Up → 10-23 Down → 10-30 Neutral. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 24.9
| RS (S&P 20 + sector 10) | 0.0 + 10.0 / 30 |
| Structure | 8 / 25 |
| Coppock (daily) — BOUNCE tag — oversold & turning up inside a down structure (no boost) | 2.5 / 25 |
| Band position | 4.5 / 20 |
| Raw | 24.9 (Established Down) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 24.9 Established Down |
| ✖ Close above 50-day SMA 0/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✖ Close above 100-day SMA 0/4 · ✔ Close above 200-day SMA 5/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✖ No daily lower high (last two swing highs) 0/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (TECK.B (TSX) close needed) |
|---|
| Trend · S&P/TSX | 5 Established Down (−) ↓ | -5.65% | -6.13% | Est. Up ≥ 90.59 (+4.8%) · Est. Down < 78.97 |
| Trend · XMA | 2 Early Up (+) ↑ | +6.19% | +4.84% | Est. Up ≥ 80.92 (-6.4%) · Early Up ≥ 79.68 · Est. Down < 79.25 |
| Trading · S&P/TSX | 5 Established Down (−) → | -0.42% | -1.15% | Est. Up ≥ 109.60 (+26.8%) · Early Up ≥ 86.67 · Est. Down < 86.21 |
| Trading · XMA | 1 Established Up (+) ↑ | +4.57% | +0.99% | Est. Up ≥ 82.75 (-4.3%) · Est. Down < 79.64 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 86.45)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 95.62–97.86 | +10.6% to +13.2% | wk high 06-19 95.62 · wk high 10-02 97.86 |
| R2 | 90.67–92.67 | +4.9% to +7.2% | wk low 10-02 90.67 · wk high 05-15 92.67 |
| R1 | 86.48–88.03 | +0.0% to +1.8% | wk high 04-24 86.48 · wk low 08-21 87.25 · wk high 07-10 87.68 · wk low 09-18 88.03 |
| S1 | 84.15–85.42 | -1.2% to -2.7% | wk high 02-27 85.42 · 200-day SMA 84.17 · 40-wk SMA 84.15 |
| S2 | 80.55–82.65 | -4.4% to -6.8% | wk low 06-12 82.65 · wk high 02-13 82.44 · wk low 10-23 81.50 · wk low 05-22 80.55 |
| S3 | 75.20–76.38 | -11.6% to -13.0% | wk low 05-08 76.38 · 61.8% 75.99 · wk low 07-17 75.20 |
| ATH | 99.91 | +15.6% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 84.15 (-2.7%): trading downgrades one state, re-anchor to S2 80.55–82.65.
- Trend Breakdown (reference, S2 floor): Friday close < 80.55 (-6.8%): information only, no verdict impact. Next support S3 75.20–76.38.
- Trend vs S&P/TSX: Est. Up ≥ 90.59 (+4.8%) · above its 16-wk avg ≥ 90.59 · Est. Down < 78.97 (-8.7%) (next Friday, benchmark flat).
- Trading vs S&P/TSX: Est. Up ≥ 109.60 · Early Up ≥ 86.67 · Est. Down < 86.21.
Sluymer context
- CB Oct 6: “Metals (FCX) and Steels (STLD) have pulled back to support and are beginning to bottom.”
- CB Oct 13: “Rate-sensitive stocks, such as ENB, TRP, PPL, FTS and H are becoming oversold with early signs of bottoming near support.”
- CB Oct 13: CADUSD “weak but oversold short-term challenging next support at 0.70”; US 10-yr “beginning to stall” at 5.35%.
Notes & caveats
Benchmarks: S&P/TSX Composite (20 pts) and XMA (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Holder levels (simple S/R: 40-wk SMA, 200-day SMA, 50%/61.8% retracements, 2-yr weekly swings and prior breakouts, ATH; ≥2 tools within 3% per band): Breakout = top of R1; Profit-Taking = next band above it, else the ATH, else none (blue sky); Trade Breakdown = the 40-wk SMA (Friday close below it = flag, verdict REVIEW); Trend Breakdown (S2 floor) and Profit-Taking are reference only and do not change the verdict. Trend Score (8–16 wk) = relative strength (30 pts) + structure (30 pts) rescaled to 100: Up ≥ 60, Neutral 45–59, Down < 45, confirmed after two consecutive Friday closes; descriptive, not a forecast. Class B shares mapped to TECK-B.TO. Rates modifier uses the US 10-yr (Sluymer's global rate gauge). Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of ~210 current S&P/TSX Composite members (dashboard universe) with a rising weekly Coppock, in the spirit of his TSX Quadrant Balance; survivorship bias; regime input only. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).