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Archive
- 4/26/2024 -
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Teleflex (TFX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Teleflex (TFX). During the week, the TFX climbed 0.15 points, or 0.07%, and closed at 206.71 on Friday, April 26, 2024. Weekly volume was 15% above average.
TFX is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 (175.27) 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 205.26 on April 19, 2024. TFX lost 52.59 points, or 20.40%, in 17 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See TFX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 205.26 on April 19, 2024. TFX lost 51.59 points, or 20.09%, in 63 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 204.93 and resistance is at 220.41. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
2 |
| Industry |
Health Care Equipment |
46 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
223.94 |
| High Date |
04/09/2024 |
| Low |
205.26 |
| Low Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
220.41 |
| Support |
204.93 |
| High |
256.85 |
| High Date |
02/16/2024 |
| Low |
205.26 |
| Low Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
257.85 |
| High Date |
12/18/2023 |
| Low |
205.26 |
| Low Date |
04/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
177.63 |
| Low Date |
10/30/2023 |
| High |
257.85 |
| High Date |
12/18/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
192.17 |
| Support |
175.27 |
| High |
449.38 |
| High Date |
04/28/2021 |
| Low |
177.63 |
| Low Date |
10/30/2023 |
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