TENET HEALTHCARE CORP (THC) Stock Technical Analysis
USA - NYSE:THC - US88033G4073 - Common Stock
Overall THC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, THC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although THC has an excellent technical rating, the quality of the presented setup is not ideal 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.
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179.79
We found 3 important support areas.
- A support zone ranging from 199.55 to 202.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 188.69 to 189.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.61 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for THC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THC is up. |
| ChartMill Relative Strength | 86.84 | POSITIVE | THC has a high relative strength, it outperformed 86.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THC is above 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) | 58.68 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests THC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.51 | NEUTRAL | The Stochastics value for THC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for THC suggests a weak or negative trend. |
208.62
-0.52 (-0.25%)
TENET HEALTHCARE CORP / THC FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 9 / 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 58.6796. 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 0.410535, indicating a bearish trend.
What is the buy/sell signal for THC stock?
The buy/sell signal for TENET HEALTHCARE CORP (THC) is buy as both the short term and long term trends are positive.