TENET HEALTHCARE CORP (THC) Stock Technical Analysis
NYSE:THC • US88033G4073
Taking everything into account, THC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that THC is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, THC also shows a nice and consistent pattern of rising prices.
- THC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. THC outperforms 88% of them.
- THC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month THC has a been trading in the 185.00 - 235.77 range, which is quite wide. It is currently trading near the high of this range.
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.
More info and screens
143.89
We found 5 important support areas.
- A support zone ranging from 228.07 to 229.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @195.30 from a trend line in the weekly time frame.
- A support zone ranging from 189.58 to 191.94. 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 @145.34 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 | 91.3 | POSITIVE | THC has a high relative strength, it outperformed 91.3% 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) | 68.74 | NEUTRAL | The RSI value for THC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.78 | POSITIVE | The MACD value suggests THC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.11 | OVERBOUGHT | The high Stochastics value suggests THC may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for THC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.37 | POSITIVE | The high ADX value value for THC suggests a strong trend. |
229.9
+1.82 (+0.8%)
TENET HEALTHCARE CORP / THC FAQ
What is the ChartMill technical rating of TENET HEALTHCARE CORP (THC) stock?
ChartMill assigns a technical rating of 10 / 10 to THC.
What is the trend direction for 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 68.7351. 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 3.78096, indicating a bullish trend.
What is the support and resistance level for THC stock?
TENET HEALTHCARE CORP (THC) has a support level at 229.89. Check the full technical report for our detailed analysis of THC support and resistance levels.