TABULA RASA HEALTHCARE INC (TRHC) Stock Technical Analysis
NASDAQ:TRHC - Nasdaq - US8733791011 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to TRHC. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that TRHC is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by TRHC over the past year are nicely spread over this period.
TRHC is part of the Health Care Technology industry. There are 35 other stocks in this industry. TRHC outperforms 100% of them.
A new 52 week high is currently being made by TRHC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so TRHC is leading the market.
In the last month TRHC has a been trading in a tight range between 10.37 and 10.50.
Although TRHC 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
6.71
10.62
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:TRHC (11/2/2023, 8:12:48 PM)
10.5
+0.09 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.86%
1 Week1.16%
2 Weeks1.06%
1 Month1.16%
3 Month34.1%
6 Month96.26%
12 Month203.47%
2 Year-7.65%
3 Year-69.53%
5 Year-86.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.25%
ATR Inc175.41%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.44
Mansfield4.76
10 Day High10.5
10 Day Low10.38
20 Day High10.5
20 Day Low10.37
52 Week High10.5
52 Week Low3.15
CS1 End10.41
CR1 Start10.51
Volume & EV
DER(3)-2.14%
DER(5)0.8%
Volume1.31M
Volume Incr26.39%
Vol(5)350.72K
Vol(50)356.32K