TENET HEALTHCARE CORP (THC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THC - US88033G4073 - Common Stock
We assign a technical rating of 5 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.
THC has an average technical rating and also the quality of the setup is only medium 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
136.90
We found 3 important support areas.
- Support @191.95 from a horizontal line in the weekly time frame.
- A support zone ranging from 186.67 to 187.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.28 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 | DOWN | NEGATIVE | The short term trend for THC is down. |
| ChartMill Relative Strength | 87.28 | POSITIVE | THC has a high relative strength, it outperformed 87.28% 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) | 43.46 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests THC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.05 | OVERSOLD | The low Stochastics value suggests THC may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for THC suggests a weak or negative trend. |
191.96
+5.28 (+2.83%)
TENET HEALTHCARE CORP / THC FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 5 / 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 43.4627. 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 -1.65899, 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.