TEVA PHARMACEUTICAL-SP ADR (TEVA) Technical Analysis
NYSE:TEVA • US8816242098
Overall TEVA gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TEVA has a been trading in the 31.24 - 35.32 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that TEVA is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, TEVA also shows a nice and consistent pattern of rising prices.
- TEVA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. TEVA outperforms 83% of them.
- TEVA 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 TEVA is lagging the market slightly.
- TEVA has an average volume of 9227250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
Although TEVA has an excellent technical rating, it does not offer a high quality setup 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
24.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.55 to 31.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.34 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.98 to 33.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for TEVA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEVA is down. |
| ChartMill Relative Strength | 93.45 | POSITIVE | TEVA has a high relative strength, it outperformed 93.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TEVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TEVA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.23 | NEUTRAL | The RSI value for TEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests TEVA has a negative trend. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for TEVA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TEVA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for TEVA suggests a strong trend. |
TEVA Technicals: Chart, Performance Metrics, Trend & Indicators
31.75
-1.16 (-3.52%)
TEVA PHARMACEUTICAL-SP ADR / TEVA FAQ
What is the technical rating for TEVA stock?
ChartMill assigns a technical rating of 8 / 10 to TEVA.
What is the current trend direction of TEVA PHARMACEUTICAL-SP ADR (TEVA) stock?
The current trend direction for TEVA PHARMACEUTICAL-SP ADR (TEVA) is Bullish.
Can you provide the RSI signal for TEVA PHARMACEUTICAL-SP ADR?
TEVA PHARMACEUTICAL-SP ADR (TEVA) has an RSI value of 36.2338. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TEVA PHARMACEUTICAL-SP ADR?
The MACD indicator for TEVA PHARMACEUTICAL-SP ADR (TEVA) has a value of -0.350669, indicating a bearish trend.
Can you provide the support and resistance levels for TEVA PHARMACEUTICAL-SP ADR?
TEVA PHARMACEUTICAL-SP ADR (TEVA) has a support level at 31.74 and a resistance level at 32.98. Check the full technical report for our detailed analysis of TEVA support and resistance levels.