TABULA RASA HEALTHCARE INC (TRHC) Stock Technical Analysis
USA - NASDAQ:TRHC - US8733791011 - Common Stock
Taking everything into account, TRHC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRHC is showing a nice and steady performance.
Although TRHC 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
6.71
We found 2 important support areas.
- A support zone ranging from 10.25 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.51 to 10.51. 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 TRHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRHC is up. |
| ChartMill Relative Strength | 99.44 | POSITIVE | TRHC has a high relative strength, it outperformed 99.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.14 | OVERBOUGHT | The high RSI value suggests TRHC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests TRHC may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for TRHC suggests low volalility. |
| Average Directional Index/ADX (14) | 60.47 | POSITIVE | The high ADX value value for TRHC suggests a strong trend. |
NASDAQ:TRHC (11/2/2023, 8:12:48 PM)
10.5
+0.09 (+0.86%)
TABULA RASA HEALTHCARE INC / TRHC FAQ
Can you provide the ChartMill technical rating for TABULA RASA HEALTHCARE INC?
ChartMill assigns a technical rating of 9 / 10 to TRHC.
What is the trend direction for TRHC stock?
The current trend direction for TABULA RASA HEALTHCARE INC (TRHC) is Bullish.
What is the RSI signal for TABULA RASA HEALTHCARE INC (TRHC) stock?
TABULA RASA HEALTHCARE INC (TRHC) has an RSI value of 75.1406. This indicates that the stock is currently overbought.
What is the buy/sell signal for TABULA RASA HEALTHCARE INC (TRHC) stock?
The buy/sell signal for TABULA RASA HEALTHCARE INC (TRHC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TABULA RASA HEALTHCARE INC (TRHC) stock?
TABULA RASA HEALTHCARE INC (TRHC) has a support level at 10.41 and a resistance level at 10.51. Check the full technical report for our detailed analysis of TRHC support and resistance levels.