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. Both in the recent history as in the last year, TM has proven to be a steady performer, scoring decent points in every aspect analyzed.
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
181.52
3 important support areas can be observed.
- A support zone ranging from 196.55 to 203.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 190.52 to 193.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @183.35 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 | 81.01 | POSITIVE | TM has a high relative strength, it outperformed 81.01% 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) | 71.92 | OVERBOUGHT | The high RSI value suggests TM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.23 | POSITIVE | The MACD value suggests TM has a positive trend. |
| Stochastics (14,3) | 93.6 | OVERBOUGHT | The high Stochastics value suggests TM may be overbought. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for TM suggests low volalility. |
| Average Directional Index/ADX (14) | 22.22 | NEUTRAL | The ADX value for TM suggests a possible start of a new trend. |
219.51
+0.13 (+0.06%)
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.
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 71.9238. This indicates that the stock is currently overbought.
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 203.53. Check the full technical report for our detailed analysis of TM support and resistance levels.