The Hourly View for TEVA
Currently, TEVA (Get Ratings)’s price is up $0.04 (0.38%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as TEVA has now gone up 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly 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.
Out of Pharmaceutical Products stocks, TEVA ranks 227th in regards to today’s price percentage change.
TEVA’s Technical Outlook on the Daily Chart
At the time of this writing, TEVA’s price is up $0.14 (1.31%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 100 day changed directions on TEVA; it is now pointing up. 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. Teva Pharmaceutical Industries Ltd’s price action over the past 90 days can be seen via the chart below.
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