SOC TELEMED INC (TLMD) Technical Analysis
NASDAQ:TLMD
Current stock price
TLMD Technical Rating and Analysis
Taking everything into account, TLMD scores 9 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, 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 100 other stocks in this industry. TLMD outperforms 96% 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.
- When comparing the yearly performance of all stocks, we notice that TLMD is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- TLMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TLMD is lagging the market.
- 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 Weekly and Daily overview Charts
TLMD Setup Rating and Analysis
Besides having an excellent technical rating, TLMD 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
TLMD Support and Resistance Analysis
2.86
We found 1 important support 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.
When analyzing the resistance we notice one important 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.
TLMD Technical Indicator Signal Analysis
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. |
TLMD Chart- and CandleStick Pattern Analysis
TLMD Example Setup
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%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TLMD Technicals: Chart, Performance Metrics, Trend & Indicators
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SOC TELEMED INC / TLMD TA FAQ
Can you provide the ChartMill technical rating for SOC TELEMED INC?
ChartMill assigns a technical rating of 8 / 10 to TLMD.
What is the trend direction for TLMD stock?
The current trend direction for SOC TELEMED INC (TLMD) is Bullish.
Can you provide the RSI signal for SOC TELEMED INC?
SOC TELEMED INC (TLMD) has an RSI value of 79.1004. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SOC TELEMED INC?
The MACD indicator for SOC TELEMED INC (TLMD) has a value of -0.0274292, indicating a bearish trend.
Can you provide the short term momentum for SOC TELEMED INC?
The short term momentum for SOC TELEMED INC (TLMD) is positive.