TOYOTA MOTOR CORP -SPON ADR (TM) Stock Technical Analysis
USA - NYSE:TM - US8923313071 - ADR
Taking everything into account, TM 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, TM is showing a nice and steady performance.
Besides having an excellent technical rating, TM also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for TM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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178.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 203.58 to 203.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 191.60 to 192.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 185.21 to 185.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @180.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 204.57 to 207.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @211.25 from a horizontal line in the daily 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 TM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TM is up. |
| ChartMill Relative Strength | 75.04 | POSITIVE | TM has a high relative strength, it outperformed 75.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for TM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests TM has a negative trend. |
| Stochastics (14,3) | 52.05 | NEUTRAL | The Stochastics value for TM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for TM suggests low volalility. |
| Average Directional Index/ADX (14) | 14.13 | NEGATIVE | The low ADX value for TM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 207.60 | 203.57 | 4.03 (1.94%) | 25.00% |
| An entry @207.60. This is a Buy Stop order right above the resistance zone. | An exit @203.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.03 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of TM. Please evaluate whether better entry and exit points can be found.
- 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.
204.08
+0.82 (+0.4%)
TOYOTA MOTOR CORP -SPON ADR / TM FAQ
What is the ChartMill technical rating of TOYOTA MOTOR CORP -SPON ADR (TM) stock?
ChartMill assigns a technical rating of 9 / 10 to TM.
What is the trend direction for TM stock?
The current trend direction for TOYOTA MOTOR CORP -SPON ADR (TM) is Bullish.
What is the RSI signal for TOYOTA MOTOR CORP -SPON ADR (TM) stock?
TOYOTA MOTOR CORP -SPON ADR (TM) has an RSI value of 52.9273. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TOYOTA MOTOR CORP -SPON ADR?
The short term momentum for TOYOTA MOTOR CORP -SPON ADR (TM) is positive.
Can you provide the support and resistance levels for TOYOTA MOTOR CORP -SPON ADR?
TOYOTA MOTOR CORP -SPON ADR (TM) has a support level at 203.82 and a resistance level at 204.57. Check the full technical report for our detailed analysis of TM support and resistance levels.