TEVA PHARMACEUTICAL INDUSTRIES - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 9.53 USD
My targets
8.12 USD (-8.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TEVA PHARMACEUTICAL INDUSTRIES as long as the price remains well below 9.53 USD. The next bearish objective for sellers is set at 8.12 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 8.89 USD. On the day, this instrument gained +0.91% and was traded between 8.58 USD and 8.97 USD over the period. The price is currently at +3.61% from its lowest and -0.89% from its highest.8.58
8.97
8.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TEVA PHARMACEUTICAL INDUSTRIES in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 8.12 | 8.89 | 9.53 | 11.23 | 15.63 |
| Change (%) | -8.66% | - | +7.20% | +26.32% | +75.82% |
| Change | -0.77 | - | +0.64 | +2.34 | +6.74 |
| Level | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.53 | 7.86 | 8.33 | 8.66 | 9.13 | 9.46 | 9.93 |
| Camarilla | 8.59 | 8.66 | 8.74 | 8.81 | 8.88 | 8.96 | 9.03 |
| Woodie | 7.61 | 7.89 | 8.41 | 8.69 | 9.21 | 9.49 | 10.01 |
| Fibonacci | 7.86 | 8.16 | 8.35 | 8.66 | 8.96 | 9.15 | 9.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.52 | 7.74 | 8.10 | 8.31 | 8.67 | 8.89 | 9.24 |
| Camarilla | 8.29 | 8.34 | 8.40 | 8.45 | 8.50 | 8.56 | 8.61 |
| Woodie | 7.59 | 7.77 | 8.16 | 8.35 | 8.74 | 8.92 | 9.31 |
| Fibonacci | 7.74 | 7.96 | 8.10 | 8.31 | 8.53 | 8.67 | 8.89 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.97 | |
| MACD (12,26,9): | -0.8300 | |
| Directional Movement: | -16.45 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 7.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.03 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 9.77 | |
| Zig ZAG (10): | 8.89 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 42.96 | |
| TEMA (21): | 8.11 | |
| Williams %R (14): | -40.38 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | 4.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.4300 | |
| Courbe Coppock: | 17.42 |
| MA7: | 8.44 | |
| MA20: | 8.77 | |
| MA50: | 11.55 | |
| MA100: | 14.08 | |
| MAexp7: | 8.58 | |
| MAexp20: | 9.11 | |
| MAexp50: | 11.04 | |
| MAexp100: | 13.35 | |
| Price / MA7: | +5.33% | |
| Price / MA20: | +1.37% | |
| Price / MA50: | -23.03% | |
| Price / MA100: | -36.86% | |
| Price / MAexp7: | +3.61% | |
| Price / MAexp20: | -2.41% | |
| Price / MAexp50: | -19.47% | |
| Price / MAexp100: | -33.41% |
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 SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Teva Pharmaceutical Industries Limited - TEVA
- Teva Announces Launch of a Generic Version of Tracleer® (bosentan) Tablets in the United States
-
Teva Pharmaceutical Industries Limited - TEVA Stock Chart Technical Analysis for 05-30-2019
-
Teva Pharmaceutical Industries Limited - TEVA Stock Chart Technical Analysis for 05-28-2019
- TEVA INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Teva Pharmaceutical Industries Limited To Contact The Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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