TENET HEALTHCARE CORP (THC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:THC • US88033G4073
Overall THC gets a technical rating of 5 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.
- When comparing the yearly performance of all stocks, we notice that THC is one of the better performing stocks in the market, outperforming 81% 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 102 other stocks in this industry. THC outperforms 79% of them.
- 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.
- In the last month THC has a been trading in the 185.00 - 204.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, THC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 192.85, a Stop Loss order could be placed below this zone.
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143.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 188.02 to 192.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @182.82 from a horizontal line in the daily time frame.
- Support @144.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 193.67 to 199.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 216.85 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 | NEUTRAL | NEUTRAL | The long term trend for THC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THC is neutral. |
| ChartMill Relative Strength | 81.14 | POSITIVE | THC has a high relative strength, it outperformed 81.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of THC is above 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) | 47.61 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests THC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.68 | NEUTRAL | The Stochastics value for THC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.38 | NEGATIVE | The low ADX value for THC suggests a weak or negative trend. |
193.04
+0.08 (+0.04%)
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 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 47.609. 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 0.779323, indicating a bearish trend.
What is the support and resistance level for THC stock?
TENET HEALTHCARE CORP (THC) has a support level at 192.85 and a resistance level at 193.67. Check the full technical report for our detailed analysis of THC support and resistance levels.