TENET HEALTHCARE CORP (THC) Stock Technical Analysis
NYSE:THC - New York Stock Exchange, Inc. - US88033G4073 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to THC. Although THC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
THC is part of the Health Care Providers & Services industry. There are 107 other stocks in this industry. THC outperforms 72% of them.
THC has an average volume of 1350970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, THC did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
THC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month THC has a been trading in the 117.00 - 142.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, THC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 125.70, a Stop Loss order could be placed below this zone.
More info and screens
121.42
167.50
2 important support areas can be observed.
- Support @125.70 from a horizontal line in the daily time frame.
- A support zone ranging from 122.65 to 122.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 128.11 to 128.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 131.52 to 133.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @136.60 from a trend line in the daily time frame.
- Resistance @140.90 from a horizontal line in the weekly time frame.
- Resistance @144.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 165.84 to 165.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.42
Mansfield-0.86
10 Day High137.37
10 Day Low117
20 Day High142.69
20 Day Low117
52 Week High171.2
52 Week Low90.03
Performance
1 Week0.71%
2 Weeks-1.63%
1 Month-8.81%
3 Month-8.24%
6 Month-16.89%
12 Month29.2%
2 Year114.56%
3 Year48.31%
5 Year785.35%
10 Year157.5%
15 Year457.21%
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)
Technical Indicators
MACD(12,26,9)-0.74
RSI(14)43.96
LBB121.06
UBB138.73
127.49
+2.05 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.63%
1 Week0.71%
2 Weeks-1.63%
1 Month-8.81%
3 Month-8.24%
6 Month-16.89%
12 Month29.2%
2 Year114.56%
3 Year48.31%
5 Year785.35%
10 Year157.5%
15 Year457.21%
Volatility
ATR(14)5.9
ATR(20)%5.07%
ATR Inc-36.1%
Range Today5.11
ADR(20)6.25
ADR(20)%4.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.42
Mansfield-0.86
10 Day High137.37
10 Day Low117
20 Day High142.69
20 Day Low117
52 Week High171.2
52 Week Low90.03
CS1 End125.7
CR1 Start128.11
Volume & EV
DER(3)-1.11%
DER(5)-1.45%
Volume1.32M
Volume Incr-12.51%
Vol(5)1.55M
Vol(50)1.35M