TARO PHARMACEUTICAL INDUS (TARO) Stock Technical Analysis
USA - NYSE:TARO - IL0010827181 - Common Stock
Taking everything into account, TARO scores 6 out of 10 in our technical rating. TARO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
TARO has an average technical rating and also the quality of the setup is only medium 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.
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40.55
When analyzing the support we can see 2 important areas.
- A support zone ranging from 41.94 to 42.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.96 to 41.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.11 to 43.34. 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 TARO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TARO is up. |
| ChartMill Relative Strength | 68.84 | NEUTRAL | TARO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TARO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TARO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TARO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.79 | NEUTRAL | The RSI value for TARO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TARO has a positive trend. |
| Stochastics (14,3) | 85.51 | OVERBOUGHT | The high Stochastics value suggests TARO may be overbought. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for TARO suggests low volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for TARO suggests a possible start of a new trend. |
42.97
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TARO PHARMACEUTICAL INDUS / TARO FAQ
What is the technical rating for TARO stock?
ChartMill assigns a technical rating of 6 / 10 to TARO.
Can you provide the trend direction for TARO PHARMACEUTICAL INDUS?
The current trend direction for TARO PHARMACEUTICAL INDUS (TARO) is Bullish.
What is the RSI signal for TARO PHARMACEUTICAL INDUS (TARO) stock?
TARO PHARMACEUTICAL INDUS (TARO) has an RSI value of 64.7902. This indicates that the stock is currently neutral.
What is the MACD signal for TARO stock?
The MACD indicator for TARO PHARMACEUTICAL INDUS (TARO) has a value of 0.00615081, indicating a bearish trend.
What is the support and resistance level for TARO stock?
TARO PHARMACEUTICAL INDUS (TARO) has a support level at 42.8 and a resistance level at 43.11. Check the full technical report for our detailed analysis of TARO support and resistance levels.