Bullish vs. Bearish (3 opinions)
Social Sentiment -0.28
TEVA Forecast and Technical Stock Analysis
Buy candidate since 2019-11-07 Gain 20.43% PDF
Teva Pharmaceutical Industries Limited gained 8.86% in the last trading day ( Friday, 15th Nov 2019 ), rising from $9.37 to $10.20 During the day the stock fluctuated 9.71% from a day low at $9.37 to a day high of $10.28. The price has risen in 7 of the last 10 days and is up by 22.16% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10.90 million more shares were traded than the day before. In total, 29.09 million shares bought and sold for approximately $296.70 million.
- 30 day high of the TEVA stock price was $10.28 and low was $6.86.
- 90 day high was $10.28 and low was $6.39.
- 52 week high for Teva Pharmaceutical Industries Limited - $22.83 and low - $6.07.
Teva Pharmaceutical Industries Limited has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $9.84, a level that may pose a second chance to hit a runner. According to fan-theory $12.28 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Teva Pharmaceutical Industries Limited holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $9.44 and $7.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday November 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 72 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $8.47 and $8.15.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Teva Pharmaceutical Industries Limited finds support just below today's level at $8.47. If this is broken, then the next support from accumulated volume will be at $8.15 and $7.77.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.91 between high and low, or 9.71%. For the last week, the stock has had a daily average volatility of 5.65%.
Our recommended stop-loss: $9.75 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
5.65 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|TEVA $10.20 ($0.83 8.86%)|
TEVA is up $0.83 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!