TEVA PHARMACEUTICAL-SP ADR (TEVA) Technical Analysis
NYSE:TEVA • US8816242098
Taking everything into account, TEVA scores 6 out of 10 in our technical rating. In the last year, TEVA was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TEVA has a been trading in the 29.92 - 35.32 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, TEVA did better than 90% of all other stocks. We also observe that the gains produced by TEVA over the past year are nicely spread over this period.
- TEVA is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. TEVA outperforms 79% 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 9369400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TEVA has an average technical rating and it also 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
24.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.46 to 30.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.58 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.42 to 34.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 90.75 | POSITIVE | TEVA has a high relative strength, it outperformed 90.75% 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) | DOWN | NEGATIVE | The current price of TEVA is below a declining 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) | 31.33 | NEUTRAL | The RSI value for TEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests TEVA has a negative trend. |
| Stochastics (14,3) | 23.64 | NEUTRAL | The Stochastics value for TEVA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TEVA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for TEVA suggests a strong trend. |
TEVA Technicals: Chart, Performance Metrics, Trend & Indicators
30.47
-1.05 (-3.33%)
TEVA PHARMACEUTICAL-SP ADR / TEVA FAQ
What is the technical rating for TEVA stock?
ChartMill assigns a technical rating of 6 / 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 31.3317. 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 -0.416865, 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 30.46 and a resistance level at 34.42. Check the full technical report for our detailed analysis of TEVA support and resistance levels.