TENET HEALTHCARE CORP (THC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THC - US88033G4073 - Common Stock
We assign a technical rating of 7 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.
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 197.34, a Stop Loss order could be placed below this zone.
More info and screens
139.58
We found 4 important support areas.
- A support zone ranging from 196.37 to 197.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 197.94 to 198.54. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- 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 | DOWN | NEGATIVE | The short term trend for THC is down. |
| ChartMill Relative Strength | 87.11 | POSITIVE | THC has a high relative strength, it outperformed 87.11% 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) | 45.03 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests THC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.6 | NEUTRAL | The Stochastics value for THC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.27 | NEGATIVE | The low ADX value for THC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 198.55 | 196.36 | 2.19 (1.10%) | 25.00% |
| An entry @198.55. This is a Buy Stop order right above the resistance zone. | An exit @196.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.19 points, which is 1.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- 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.
197.77
-0.99 (-0.5%)
TENET HEALTHCARE CORP / THC FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 7 / 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 45.0323. 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 -0.623722, indicating a bearish trend.
What is the buy/sell signal for THC stock?
The buy/sell signal for TENET HEALTHCARE CORP (THC) is hold as the short term and long term trends are mixed.