TOYOTA MOTOR CORP -SPON ADR (TM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TM - US8923313071 - ADR
We assign a technical rating of 8 out of 10 to TM. Although TM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although TM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
183.50
4 important support areas can be observed.
- A support zone ranging from 201.05 to 203.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 195.39 to 196.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 190.52 to 191.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 185.35 to 187.21. 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 221.53 to 221.53. 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 TM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TM is up. |
| ChartMill Relative Strength | 79.02 | POSITIVE | TM has a high relative strength, it outperformed 79.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TM is above 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) | 65.33 | NEUTRAL | The RSI value for TM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.29 | 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) | 20.41 | NEUTRAL | The ADX value for TM suggests a possible start of a new trend. |
221.52
+6.79 (+3.16%)
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 8 / 10 to TM.
Can you provide the trend direction for TOYOTA MOTOR CORP -SPON ADR?
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 65.3262. This indicates that the stock is currently neutral.
What is the MACD signal for TM stock?
The MACD indicator for TOYOTA MOTOR CORP -SPON ADR (TM) has a value of -0.265946, indicating a bearish trend.
What are the support and resistance levels for TOYOTA MOTOR CORP -SPON ADR (TM) stock?
TOYOTA MOTOR CORP -SPON ADR (TM) has a support level at 203.17 and a resistance level at 221.53. Check the full technical report for our detailed analysis of TM support and resistance levels.