TEVA Technical Analysis - TEVA PHARMACEUTICAL-SP ADR

Technical Rating and Analysis

Overall TEVA gets a technical rating of 8 out of 10. Although TEVA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

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.

In the last month TEVA has a been trading in the 17.33 - 19.98 range, which is quite wide. It is currently trading near the high of this range.

TEVA has an average volume of 11231400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, TEVA turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.

TEVA is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, TEVA did better than 60% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TEVA PHARMACEUTICAL-SP ADR / TEVA Weekly stock chart

TEVA PHARMACEUTICAL-SP ADR / TEVA Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.84

20.13

5 important support areas can be observed.

A support zone ranging from 19.17 to 19.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @18.04 from a horizontal line in the daily time frame.
Support @16.71 from a horizontal line in the daily time frame.
A support zone ranging from 16.10 to 16.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @14.99 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	UP	POSITIVE	The long term trend for TEVA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TEVA is up.
ChartMill Relative Strength	68.13	NEUTRAL	TEVA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TEVA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TEVA is above 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)	72.98	OVERBOUGHT	The high RSI value suggests TEVA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests TEVA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	92.47	OVERBOUGHT	The high Stochastics value suggests TEVA may be overbought.
Average True Range in percent/ATR (20)	2.6	MEDIUM VOLATILITY	The ATR as a percentage value for TEVA suggests some volalility.
Average Directional Index/ADX (14)	38.44	POSITIVE	The high ADX value value for TEVA suggests a strong trend.