TOYOTA MOTOR CORP -SPON ADR (TM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TM • US8923313071
Overall TM gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TM is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by TM over the past year are nicely spread over this period.
- TM is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 35 stocks in the same industry.
- 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 217.48 - 246.36 range, which is quite wide. It is currently trading near the high of this range.
TM has an excellent technical rating, but the quality of the setup is only medium 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.
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188.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 218.47 to 225.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 210.07 to 213.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @206.41 from a trend line in the daily time frame.
- Support @193.97 from a horizontal line in the daily time frame.
- Support @190.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 244.23 to 244.23. 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 | 81.75 | POSITIVE | TM has a high relative strength, it outperformed 81.75% 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) | 60.52 | NEUTRAL | The RSI value for TM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests TM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.58 | OVERBOUGHT | The high Stochastics value suggests TM may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for TM suggests a possible start of a new trend. |
238.24
-4.15 (-1.71%)
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 60.5197. 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 0.934031, 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 225.16 and a resistance level at 244.23. Check the full technical report for our detailed analysis of TM support and resistance levels.