TELADOC HEALTH INC (TDOC) Stock Technical Analysis
NYSE:TDOC - New York Stock Exchange, Inc. - US87918A1051 - Common Stock - Currency: USD
Taking everything into account, TDOC scores 0 out of 10 in our technical rating. TDOC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TDOC is a bad performer in the overall market: 91% of all stocks are doing better.
TDOC is part of the Health Care Technology industry. There are 37 other stocks in this industry, of which 61% are performing better than TDOC.
TDOC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TDOC is lagging the market.
In the last month TDOC has a been trading in the 6.61 - 7.72 range, which is quite wide. It is currently trading near the lows of this range.
TDOC has an average volume of 5386870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, TDOC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.53. Right above this resistance zone may be a good entry point.
More info and screens
6.83
12.66
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.53 to 7.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.92 from a trend line in the weekly time frame.
- Resistance @12.53 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 | DOWN | NEGATIVE | The short term trend for TDOC is down. |
| ChartMill Relative Strength | 9.05 | NEGATIVE | TDOC has a low relative strength, it was outperformed by 90.95% 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) | 41.76 | NEUTRAL | The RSI value for TDOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TDOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.99 | NEUTRAL | The Stochastics value for TDOC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for TDOC suggests high volalility. |
| Average Directional Index/ADX (14) | 12.93 | 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)
6.9
-0.07 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1%
1 Week-4.83%
2 Weeks-2.54%
1 Month-4.96%
3 Month-40.05%
6 Month-35.03%
12 Month-39.9%
2 Year-70.19%
3 Year-79.76%
5 Year-96.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%5.24%
ATR Inc-22.3%
Range Today0.21
ADR(20)0.33
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.05
Mansfield-2.59
10 Day High7.72
10 Day Low6.79
20 Day High7.72
20 Day Low6.61
52 Week High15.21
52 Week Low6.35
CS1 EndN/A
CR1 Start7.53
Volume & EV
DER(3)0.7%
DER(5)-0.26%
Volume6.70M
Volume Incr-23.49%
Vol(5)4.25M
Vol(50)5.39M