Teva Pharmaceutical Industries Ltd (TEVA): Price Now Near $8.38; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for TEVA

Currently, TEVA (Get Ratings)’s price is up $0.07 (0.79%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

TEVA ranks 199th in terms of today’s price percentage change out of Pharmaceutical Products stocks.

TEVA’s Technical Outlook on the Daily Chart

At the time of this writing, TEVA’s price is down $-0.22 (-2.56%) from the day prior. TEVA has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows TEVA’s price action over the past 90 days.

TEVA

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TEVA: Daily RSI Analysis

  • For TEVA, its RSI is now at 0.
  • TEVA and RSI may be exhibiting divergent trends. This may be something to monitor.

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