TDY Technical Analysis - TELEDYNE TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, TDY scores 5 out of 10 in our technical rating. In the last year, TDY was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month TDY has a been trading in the 559.00 - 595.99 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, TDY did better than 75% of all other stocks.

TDY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TDY is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

TDY is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 45% of 123 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TELEDYNE TECHNOLOGIES INC / TDY Weekly stock chart

TELEDYNE TECHNOLOGIES INC / TDY Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, TDY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 544.69, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

471.37

599.57

When analyzing the support we can see 2 important areas.

A support zone ranging from 536.58 to 544.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @476.13 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 565.59 to 574.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 587.63 to 593.63. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for TDY is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TDY is down.
ChartMill Relative Strength	75.03	POSITIVE	TDY has a high relative strength, it outperformed 75.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TDY is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TDY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TDY is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.35	NEUTRAL	The RSI value for TDY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.44	NEGATIVE	The MACD value suggests TDY has a negative trend.
Stochastics (14,3)	8.57	OVERSOLD	The low Stochastics value suggests TDY may be oversold.
Average True Range in percent/ATR (20)	1.85	LOW VOLATILITY	The low ATR as a percentage value for TDY suggests low volalility.
Average Directional Index/ADX (14)	20.14	NEUTRAL	The ADX value for TDY suggests a possible start of a new trend.