TENET HEALTHCARE CORP (THC) Technical Analysis
NYSE:THC • US88033G4073
Current stock price
THC Technical Rating and Analysis
Overall THC gets a technical rating of 4 out of 10. Although THC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month THC has a been trading in the 197.79 - 247.21 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.
- When comparing the yearly performance of all stocks, we notice that THC is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by THC over the past year are nicely spread over this period.
- THC is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. THC outperforms 84% of them.
- THC has an average volume of 1061150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- THC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so THC is lagging the market slightly.
THC Weekly and Daily overview Charts
THC Setup Rating and Analysis
THC 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
THC Support and Resistance Analysis
180.99
We found 3 important support areas.
- Support @197.94 from a trend line in the daily time frame.
- A support zone ranging from 188.02 to 189.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @182.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 200.36 to 201.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
THC 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 | NEUTRAL | NEUTRAL | The long term trend for THC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for THC is down. |
| ChartMill Relative Strength | 89.28 | POSITIVE | THC has a high relative strength, it outperformed 89.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of THC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.87 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.5 | NEGATIVE | The MACD value suggests THC has a negative trend. |
| Stochastics (14,3) | 8.94 | OVERSOLD | The low Stochastics value suggests THC may be oversold. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for THC suggests a strong trend. |
THC Chart- and CandleStick Pattern Analysis
THC Technicals: Chart, Performance Metrics, Trend & Indicators
200.35
-4.76 (-2.32%)
TENET HEALTHCARE CORP / THC TA FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 4 / 10 to THC.
What is the trend direction for THC stock?
The current trend direction for TENET HEALTHCARE CORP (THC) is Bearish.
Can you provide the RSI signal for TENET HEALTHCARE CORP?
TENET HEALTHCARE CORP (THC) has an RSI value of 32.8734. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TENET HEALTHCARE CORP?
The MACD indicator for TENET HEALTHCARE CORP (THC) has a value of -5.50205, indicating a bearish trend.
What is the support and resistance level for THC stock?
TENET HEALTHCARE CORP (THC) has a support level at 197.94 and a resistance level at 200.36. Check the full technical report for our detailed analysis of THC support and resistance levels.