TAKEDA PHARMACEUTIC-SP ADR (TAK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAK - US8740602052 - ADR
Overall TAK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TAK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although TAK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.47
5 important support areas can be observed.
- A support zone ranging from 15.41 to 15.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.71 to 14.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.06 to 14.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.43 to 13.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.66 to 15.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TAK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAK is up. |
| ChartMill Relative Strength | 77.1 | POSITIVE | TAK has a high relative strength, it outperformed 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.72 | OVERBOUGHT | The high RSI value suggests TAK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TAK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.45 | OVERBOUGHT | The high Stochastics value suggests TAK may be overbought. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for TAK suggests low volalility. |
| Average Directional Index/ADX (14) | 33.88 | POSITIVE | The high ADX value value for TAK suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.78 | 15.40 | 0.38 (2.41%) | 25.00% |
| An entry @15.78. This is a Buy Stop order right above the resistance zone. | An exit @15.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.38 points, which is 2.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.62
+0.03 (+0.19%)
TAKEDA PHARMACEUTIC-SP ADR / TAK FAQ
What is the technical rating for TAK stock?
ChartMill assigns a technical rating of 10 / 10 to TAK.
What is the trend direction for TAK stock?
The current trend direction for TAKEDA PHARMACEUTIC-SP ADR (TAK) is Bullish.
What is the RSI signal for TAK stock?
TAKEDA PHARMACEUTIC-SP ADR (TAK) has an RSI value of 73.7183. This indicates that the stock is currently overbought.
What is the short term momentum for TAK stock?
The short term momentum for TAKEDA PHARMACEUTIC-SP ADR (TAK) is positive.
Can you provide the support and resistance levels for TAKEDA PHARMACEUTIC-SP ADR?
TAKEDA PHARMACEUTIC-SP ADR (TAK) has a support level at 15.52 and a resistance level at 15.66. Check the full technical report for our detailed analysis of TAK support and resistance levels.