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Advanced TA SearchArchive
- 5/3/2024 -
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Teleflex (TFX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Teleflex (TFX). During the week, the TFX dropped -3.70 points, or -1.79%, and closed at 203.01 on Friday, May 3, 2024. Weekly volume was 95% 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 (175.18) 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 198.21 on May 2, 2024. TFX lost 59.64 points, or 23.13%, in 19 weeks. The price is now at the 8.05% retracement level.
 Weekly Technical Indicators: [See TFX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 uptrend had started on April 5, 2024 at 210.54 and reached 213.41 on May 2, 2024. TFX gained -2.87 points, or -1.36%, in 27 days. The price is now at the 362.37% retracement 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.
The daily MACD line is below its signal line since May 1, 2024. The distance between MACD and the signal line is low, but getting bigger.
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