TM Technical Analysis - TOYOTA MOTOR CORP -SPON ADR

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to TM. In the last year, TM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

Looking at the yearly performance, TM did better than 73% of all other stocks. We also observe that the gains produced by TM over the past year are nicely spread over this period.

TM is part of the Automobiles industry. There are 36 other stocks in this industry. TM outperforms 77% of them.

A new 52 week high is currently being made by TM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month TM has a been trading in the 185.00 - 203.15 range, which is quite wide. It is currently trading near the high of this range.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

TOYOTA MOTOR CORP -SPON ADR / TM Weekly stock chart

TOYOTA MOTOR CORP -SPON ADR / TM Daily stock chart

Setup Rating and Analysis

Although TM has an excellent technical rating, it does not present a decent entry opportunity 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

176.22

209.67

When analyzing the support we can see 4 important areas.

Support @201.37 from a horizontal line in the daily time frame.
A support zone ranging from 192.35 to 196.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 183.65 to 187.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 178.00 to 179.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 201.96 to 202.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @207.59 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for TM is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TM is up.
ChartMill Relative Strength	73.09	POSITIVE	TM has a high relative strength, it outperformed 73.09% 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)	59.54	NEUTRAL	The RSI value for TM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.8	POSITIVE	The MACD value suggests TM has a positive trend.
Stochastics (14,3)	89.7	OVERBOUGHT	The high Stochastics value suggests TM may be overbought.
Average True Range in percent/ATR (20)	1.66	LOW VOLATILITY	The low ATR as a percentage value for TM suggests low volalility.
Average Directional Index/ADX (14)	14.57	NEGATIVE	The low ADX value for TM suggests a weak or negative trend.