Teva Pharmaceutical Technical Analysis (NYSE:TEVA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Teva Pharmaceutical stock price data and volume are plotted in TEVA stock charts and these trading charts form the basis of technical analysis.
See Teva Pharmaceutical bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Teva Pharmaceutical stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Teva Pharmaceutical Moving Average
Moving averages show the average price of TEVA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $23.12 is below the price of $25.65.
Teva Pharmaceutical Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the TEVA stock. The stock price is trading between the average and the upper band in the context of Teva Pharmaceutical bollinger bands.
Teva Pharmaceutical Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Teva Pharmaceutical MACD indicator can be used to identify bullish and bearish trends for the stock.
Teva Pharmaceutical Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of TEVA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.