TENET HEALTHCARE CORP (THC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THC - US88033G4073 - Common Stock
200.6 USD
+2.83 (+1.43%)
200.6 USD
0 (0%)
We assign a technical rating of 8 out of 10 to THC. In the last year, THC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month THC has a been trading in the 193.25 - 222.81 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, THC did better than 87% of all other stocks. On top of that, THC also shows a nice and consistent pattern of rising prices.
THC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 101 stocks in the same industry.
THC 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 THC is lagging the market slightly.
THC has an average volume of 1007080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, THC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 198.94, a Stop Loss order could be placed below this zone.
More info and screens
139.58
220.65
We found 4 important support areas.
- A support zone ranging from 196.87 to 198.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 186.67 to 191.95. 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.
- Support @140.99 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 216.17 to 218.47. 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 THC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THC is neutral. |
| ChartMill Relative Strength | 87.91 | POSITIVE | THC has a high relative strength, it outperformed 87.91% 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) | UP | MIXED | The current price of THC is below the rising 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) | 49.42 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests THC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.62 | NEUTRAL | The Stochastics value for THC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for THC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 201.40 | 196.86 | 4.54 (2.25%) | 25.00% |
| An entry @201.40. This is a Buy Stop order right above the 10 day high. | An exit @196.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.54 points, which is 2.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of THC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
200.6
+2.83 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.43%
1 Week3.21%
2 Weeks1.46%
1 Month-7.74%
3 Month-0.69%
6 Month15.53%
12 Month56.76%
2 Year165.45%
3 Year311.15%
5 Year402.38%
10 Year562.05%
15 Year649.63%
Volatility
ATR(14)4.81
ATR(20)%2.57%
ATR Inc-24.87%
Range Today4.38
ADR(20)5.13
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.91
3 months CRS42.21
6 months CRS76.87
Mansfield0.95
10 Day High201.39
10 Day Low193.25
20 Day High222.82
20 Day Low193.25
52 Week High222.82
52 Week Low109.82
CS1 End198.94
CR1 Start216.17
Volume & EV
DER(3)-0.21%
DER(5)-0.08%
Volume567.10K
Volume Incr-21.67%
Vol(5)781.02K
Vol(50)1.01M
TENET HEALTHCARE CORP / THC FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 8 / 10 to THC.
What is the current trend direction of TENET HEALTHCARE CORP (THC) stock?
The current trend direction for TENET HEALTHCARE CORP (THC) is Bullish.
Can you provide the RSI signal for TENET HEALTHCARE CORP?
TENET HEALTHCARE CORP (THC) has an RSI value of 49.4232. 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 -0.298133, indicating a bearish trend.