TELEFLEX INC (TFX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TFX • US8793691069
Taking everything into account, TFX scores 1 out of 10 in our technical rating. TFX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TFX is a bad performer in the overall market: 85% of all stocks are doing better.
- TFX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- TFX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- TFX is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry, TFX did better than 46% of them.
Although the technical rating is bad, TFX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 106.01. Right above this resistance zone may be a good entry point.
More info and screens
99.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 103.00 to 105.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.34 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 106.01 to 106.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 120.57 to 121.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 129.29 to 129.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @132.50 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for TFX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TFX is down. |
| ChartMill Relative Strength | 15.34 | NEGATIVE | TFX has a low relative strength, it was outperformed by 84.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TFX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TFX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TFX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.1 | NEUTRAL | The RSI value for TFX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests TFX has a positive trend. |
| Stochastics (14,3) | 50.57 | NEUTRAL | The Stochastics value for TFX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TFX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for TFX suggests a possible start of a new trend. |
106
+3.63 (+3.55%)
TELEFLEX INC / TFX FAQ
What is the ChartMill technical rating of TELEFLEX INC (TFX) stock?
ChartMill assigns a technical rating of 1 / 10 to TFX.
What is the trend direction for TFX stock?
The current trend direction for TELEFLEX INC (TFX) is Bearish.
What is the RSI signal for TFX stock?
TELEFLEX INC (TFX) has an RSI value of 44.0978. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TELEFLEX INC?
The short term momentum for TELEFLEX INC (TFX) is negative.
Can you provide the support and resistance levels for TELEFLEX INC?
TELEFLEX INC (TFX) has a support level at 105.99 and a resistance level at 106.01. Check the full technical report for our detailed analysis of TFX support and resistance levels.