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- 11/22/2024 -
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Teleflex (TFX) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was a first positive week after 4 consecutive negative weeks for the Teleflex (TFX). During the week, the TFX climbed 0.70 points, or 0.37%, and closed at 191.70 on Friday, November 22, 2024. Weekly volume was 29% above average.

TFX is a member of Health Care Sector. Health Care is the 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 uptrend had started on June 26, 2024 at 196.49 and reached 249.90 on September 27, 2024. TFX gained -53.41 points, or -27.18%, in 13 weeks. The price is now at the 108.97% retracement level.

Medium-term trend: [See TFX medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 249.90 and reached 185.70 on November 20, 2024. TFX lost 64.20 points, or 25.69%, in 7 weeks. The price is now at the 9.35% retracement level.

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 October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See TFX short-term trend chart]
A short-term uptrend had started on November 20, 2024 at 185.70 and reached 193.50 on November 22, 2024. TFX gained -7.80 points, or -4.20%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See TFX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (193.51) comes close to the price (191.70). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 177.34% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.45
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 26.96
Greed/Fear Indicator (GFI) 22.03
Moving Average Converg./Diverg. (MACD) -10.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.40
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 12.08
Oversold
Greed/Fear Indicator (GFI) 18.26
Oversold
Moving Average Converg./Diverg. (MACD) 1.75
Trading Signals
Description Value Chart
Upper Bollinger Band 233.24
50 Day Moving Average 224.97
20 Day Moving Average 202.67
Parabolic System 193.51
Weekly Stochastic Crossing 191.96
Price 191.70
Daily Stochastic Crossing 188.94
Lower Bollinger Band 172.58
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Equipment 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 185.70
Low Date 11/20/2024
High 193.50
High Date 11/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 241.41
High Date 10/18/2024
Low 185.70
Low Date 11/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 249.90
High Date 09/27/2024
Low 185.70
Low Date 11/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 196.49
Low Date 06/26/2024
High 249.90
High Date 09/27/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 449.38
High Date 04/28/2021
Low 177.63
Low Date 10/30/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.