SOC TELEMED INC (TLMD) Stock Technical Analysis
NASDAQ:TLMD - Nasdaq - Common Stock
We assign a technical rating of 9 out of 10 to TLMD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TLMD is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
TLMD is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. TLMD outperforms 94% of them.
TLMD has an average volume of 1418920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TLMD did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TLMD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TLMD is lagging the market slightly.
In the last month TLMD has a been trading in a tight range between 2.90 and 3.00.
Considerably lower volume is observed in the last couple of days.
TLMD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.01. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.86
3.04
When analyzing the support we notice one important area.
- A support zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.01 to 3.01. 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 TLMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TLMD is up. |
| ChartMill Relative Strength | 96.95 | POSITIVE | TLMD has a high relative strength, it outperformed 96.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TLMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TLMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TLMD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 79.1 | OVERBOUGHT | The high RSI value suggests TLMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TLMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.83 | OVERBOUGHT | The high Stochastics value suggests TLMD may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for TLMD suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 3.02 | 2.95 | 0.07 (2.32%) | 25.00% |
| An entry @3.02. This is a Buy Stop order right above the resistance zone. | An exit @2.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 2.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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.
3
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0%
1 Week0.67%
2 Weeks1.01%
1 Month3.45%
3 Month156.41%
6 Month55.44%
12 Month-56.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.78%
ATR Inc-40.85%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.95
Mansfield-1.79
10 Day High3
10 Day Low2.96
20 Day High3
20 Day Low2.9
52 Week High8
52 Week Low0.55
CS1 End2.9
CR1 Start3.01
Volume & EV
DER(3)2.97%
DER(5)2.91%
Volume957.60K
Volume Incr-51.3%
Vol(5)489.96K
Vol(50)1.42M