TDOC Technical Analysis - TELADOC HEALTH INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to TDOC. In the last year, TDOC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, TDOC is a bad performer in the overall market: 68% of all stocks are doing better.

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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

TDOC has an average volume of 6091430 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 64% of them.

In the last month TDOC has a been trading in the 7.45 - 8.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELADOC HEALTH INC / TDOC Weekly stock chart

TELADOC HEALTH INC / TDOC Daily stock chart

Setup Rating and Analysis

TDOC has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.71

10.31

When analyzing the support we can see 4 important areas.

A support zone ranging from 7.81 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.48 from a horizontal line in the daily time frame.
Support @6.89 from a trend line in the daily time frame.
Support @6.78 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

Resistance @8.41 from a horizontal line in the weekly time frame.
Resistance @8.86 from a horizontal line in the daily time frame.
Resistance @10.21 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for TDOC is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TDOC is up.
ChartMill Relative Strength	32.46	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)	UP	POSITIVE	The current price of TDOC is above the rising 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)	63.22	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.
Stochastics (14,3)	69.93	NEUTRAL	The Stochastics value for TDOC is a neutral value.
Average True Range in percent/ATR (20)	3.68	MEDIUM VOLATILITY	The ATR as a percentage value for TDOC suggests some volalility.
Average Directional Index/ADX (14)	20.41	NEUTRAL	The ADX value for TDOC suggests a possible start of a new trend.