TEVA PHARMACEUTICAL INDUSTRIES - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.16 USD
My targets
8.07 USD (+0.62%)
9.59 USD (+19.58%)
My analysis
The strong short-term increase of TEVA PHARMACEUTICAL INDUSTRIES should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 6.16 USD, a purchase could be considered. The first bullish objective is located at 8.07 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 9.59 USD. If there is any crossing, the next objective would be the resistance at 11.23 USD. Caution, if there is a return under 6.16 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TEVA PHARMACEUTICAL INDUSTRIES rating is 8.02 USD. The price registered a decrease of -1.72% on the session and was traded between 7.94 USD and 8.13 USD over the period. The price is currently at +1.01% from its lowest and -1.35% from its highest.7.94
8.13
8.02
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TEVA PHARMACEUTICAL INDUSTRIES:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of TEVA PHARMACEUTICAL INDUSTRIES in Daily shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.16 | 8.02 | 8.07 | 9.59 | 11.23 |
| Change (%) | -23.19% | - | +0.62% | +19.58% | +40.02% |
| Change | -1.86 | - | +0.05 | +1.57 | +3.21 |
| Level | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.39 | 7.56 | 7.86 | 8.03 | 8.33 | 8.50 | 8.80 |
| Camarilla | 8.03 | 8.07 | 8.12 | 8.16 | 8.20 | 8.25 | 8.29 |
| Woodie | 7.37 | 7.52 | 7.93 | 8.06 | 8.40 | 8.53 | 8.87 |
| Fibonacci | 7.51 | 7.65 | 7.74 | 7.89 | 8.03 | 8.12 | 8.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.53 | 6.07 | 6.79 | 7.33 | 8.05 | 8.59 | 9.31 |
| Camarilla | 7.15 | 7.27 | 7.39 | 7.50 | 7.62 | 7.73 | 7.85 |
| Woodie | 5.61 | 6.12 | 6.87 | 7.38 | 8.13 | 8.64 | 9.39 |
| Fibonacci | 6.07 | 6.56 | 6.85 | 7.33 | 7.82 | 8.11 | 8.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.92 | 5.15 | 6.02 | 7.25 | 8.12 | 9.35 | 10.22 |
| Camarilla | 6.30 | 6.50 | 6.69 | 6.88 | 7.07 | 7.27 | 7.46 |
| Woodie | 3.73 | 5.06 | 5.83 | 7.16 | 7.93 | 9.26 | 10.03 |
| Fibonacci | 5.15 | 5.96 | 6.45 | 7.25 | 8.06 | 8.55 | 9.35 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.24 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 20.12 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 7.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.26 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 6.60 | |
| Zig ZAG (10): | 8.16 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 63.75 | |
| TEMA (21): | 7.87 | |
| Williams %R (14): | -31.47 | |
| Chande Momentum Oscillator (20): | 1.63 | |
| Repulse (5,40,3): | 4.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 26.68 |
| MA7: | 7.78 | |
| MA20: | 7.23 | |
| MA50: | 7.26 | |
| MA100: | 7.76 | |
| MAexp7: | 7.87 | |
| MAexp20: | 7.47 | |
| MAexp50: | 7.49 | |
| MAexp100: | 8.50 | |
| Price / MA7: | +3.08% | |
| Price / MA20: | +10.93% | |
| Price / MA50: | +10.47% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +7.23% | |
| Price / MAexp50: | +6.94% | |
| Price / MAexp100: | -5.76% |
News
Don"t forget to follow the news on TEVA PHARMACEUTICAL INDUSTRIES. At the time of publication of this analysis, the latest news was as follows:
-
Teva Pharmaceutical Industries Limited - TEVA Stock Chart Technical Analysis for 10-21-2019
- Teva Settles Track 1 Opioid Cases and Reaches Agreement on Framework to Settle Remaining Litigation
-
Teva Pharmaceutical Industries Limited - TEVA Stock Chart Technical Analysis for 10-17-2019
-
Teva Pharmaceutical Industries Limited - TEVA Stock Chart Technical Analysis for 10-16-2019
- Lifshitz & Miller LLP Announces Investigation of Allegiant Travel Company, AMC Entertainment Holdings, Inc., Aqua Metals, Inc., CenturyLink, Inc., IVERIC bio, Inc., and Teva Pharmaceutical Industries Ltd.
This member declared not having a position on this financial instrument or a related financial instrument.
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