TELADOC HEALTH INC (TDOC) Stock Technical Analysis
NYSE:TDOC • US87918A1051
Overall TDOC gets a technical rating of 0 out of 10. TDOC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than TDOC.
- TDOC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TDOC has a been trading in the 4.40 - 6.50 range, which is quite wide. It is currently trading near the lows of this range.
- TDOC has an average volume of 5860020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TDOC is part of the Health Care Technology industry. There are 35 other stocks in this industry, TDOC did better than 44% of them.
TDOC has a poor technical rating and the quality of the setup is also 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.
More info and screens
4.69
When analyzing the resistance we notice 3 important areas.
- Resistance @4.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.08 to 7.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.78 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for TDOC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TDOC is down. |
| ChartMill Relative Strength | 6.2 | NEGATIVE | TDOC has a low relative strength, it was outperformed by 93.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TDOC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TDOC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TDOC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.04 | NEUTRAL | The RSI value for TDOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TDOC has a positive trend. |
| Stochastics (14,3) | 27.81 | NEUTRAL | The Stochastics value for TDOC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for TDOC suggests high volalility. |
| Average Directional Index/ADX (14) | 42.56 | POSITIVE | The high ADX value value for TDOC suggests a strong trend. |
4.74
-0.14 (-2.87%)
TELADOC HEALTH INC / TDOC FAQ
What is the ChartMill technical rating of TELADOC HEALTH INC (TDOC) stock?
ChartMill assigns a technical rating of 0 / 10 to TDOC.
What is the trend direction for TDOC stock?
The current trend direction for TELADOC HEALTH INC (TDOC) is Bearish.
What is the RSI signal for TELADOC HEALTH INC (TDOC) stock?
TELADOC HEALTH INC (TDOC) has an RSI value of 34.0356. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TELADOC HEALTH INC?
The short term momentum for TELADOC HEALTH INC (TDOC) is negative.
What is the support and resistance level for TDOC stock?
TELADOC HEALTH INC (TDOC) has a resistance level at 4.89. Check the full technical report for our detailed analysis of TDOC support and resistance levels.