TELADOC HEALTH INC (TDOC) Stock Technical Analysis
NYSE:TDOC - US87918A1051 - Common Stock
7.63 USD
-0.13 (-1.68%)
7.63 USD
0 (0%)
Taking everything into account, TDOC scores 3 out of 10 in our technical rating. In the past year, TDOC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
TDOC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TDOC is one of the better performing stocks in the Health Care Technology industry, it outperforms 70% of 35 stocks in the same industry.
In the last month TDOC has a been trading in the 6.75 - 7.91 range, which is quite wide. It is currently trading near the high of this range.
TDOC has an average volume of 7337270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, TDOC outperforms 49% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
TDOC has a poor technical rating and the quality of the setup is also not perfect 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
6.70
10.70
We found 2 important support areas.
- Support @7.60 from a trend line in the daily time frame.
- A support zone ranging from 6.77 to 6.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.63 to 7.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.42 from a horizontal line in the weekly time frame.
- Resistance @8.71 from a horizontal line in the daily time frame.
- Resistance @8.86 from a horizontal line in the daily time frame.
- Resistance @10.59 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for TDOC is up. |
| ChartMill Relative Strength | 49.79 | NEUTRAL | TDOC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TDOC is above the rising 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) | 54.84 | NEUTRAL | The RSI value for TDOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TDOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.54 | NEUTRAL | The Stochastics value for TDOC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TDOC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for TDOC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.63
-0.13 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.68%
1 Week-0.64%
2 Weeks5.72%
1 Month11.49%
3 Month6.74%
6 Month-15.19%
12 Month3.33%
2 Year-58.26%
3 Year-69.39%
5 Year-96.46%
10 Year-65.19%
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.66%
ATR Inc-0.13%
Range Today0.22
ADR(20)0.27
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.79
Mansfield-1.85
10 Day High7.91
10 Day Low7.06
20 Day High7.91
20 Day Low6.76
52 Week High15.21
52 Week Low6.35
CS1 End7.75
CR1 Start8.42
Volume & EV
DER(3)-0.33%
DER(5)1.58%
Volume4.60M
Volume Incr-42.36%
Vol(5)3.93M
Vol(50)7.34M