|
|
Downtrend ExhaustionArchive
- 5/10/2024 -
Sign In to see current Signals. |
Teleflex (TFX) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Teleflex (TFX). During the week, the TFX climbed 0.92 points, or 0.45%, and closed at 203.93 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was 57% above average.
 Long-term trend: [See TFX long-term trend chart]
A long-term downtrend had started on April 28, 2021 at 449.38 and reached 177.63 on October 30, 2023. TFX lost 271.75 points, or 60.47%, in 130 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (175.08) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See TFX medium-term trend chart]
A medium-term downtrend had started on December 18, 2023 at 257.85 and reached 197.99 on May 8, 2024. TFX lost 59.86 points, or 23.22%, in 20 weeks. The price is now at the 9.92% retracement level.
 Weekly Technical Indicators: [See TFX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See TFX short-term trend chart]
A short-term downtrend had started on February 16, 2024 at 256.85 and reached 197.99 on May 8, 2024. TFX lost 58.86 points, or 22.92%, in 82 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 201.69 and resistance is at 217.17. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See TFX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
| |
|
|