TOYOTA MOTOR CORP -SPON ADR (TM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TM - US8923313071 - ADR
We assign a technical rating of 10 out of 10 to TM. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TM is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, TM also shows a nice and consistent pattern of rising prices.
- TM is part of the Automobiles industry. There are 35 other stocks in this industry. TM outperforms 82% of them.
- TM 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 TM has a been trading in the 211.00 - 235.64 range, which is quite wide. It is currently trading near the high of this range.
Although TM has an excellent technical rating, it does not present a decent entry opportunity 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
184.16
When analyzing the support we can see 5 important areas.
- A support zone ranging from 208.88 to 222.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.32 to 204.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @195.39 from a horizontal line in the daily time frame.
- 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.
- Support @186.02 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 TM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TM is up. |
| ChartMill Relative Strength | 83.13 | POSITIVE | TM has a high relative strength, it outperformed 83.13% 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) | 71.29 | OVERBOUGHT | The high RSI value suggests TM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests TM has a positive trend. |
| Stochastics (14,3) | 83.44 | OVERBOUGHT | The high Stochastics value suggests TM may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for TM suggests low volalility. |
| Average Directional Index/ADX (14) | 26.27 | POSITIVE | The high ADX value value for TM suggests a strong trend. |
231.42
-0.91 (-0.39%)
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 10 / 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 71.2916. This indicates that the stock is currently overbought.
What is the MACD signal for TM stock?
The MACD indicator for TOYOTA MOTOR CORP -SPON ADR (TM) has a value of 1.13861, indicating a bullish 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 222.64. Check the full technical report for our detailed analysis of TM support and resistance levels.