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Downtrend ResistanceArchive
- 4/5/2024 -
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Teleflex (TFX) Technical Analysis
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| Summary:
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| | It was the negative week for the Teleflex (TFX). During the week, the TFX dropped -9.40 points, or -4.16%, and closed at 216.77 on Friday, April 5, 2024. Weekly volume was 14% above average.
 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 (175.56) 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 210.54 on April 5, 2024. TFX lost 47.31 points, or 18.35%, in 15 weeks. The price is now at the 13.17% retracement level.
 Weekly Technical Indicators: [See TFX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic 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 March 28, 2024 at 227.65 and reached 210.54 on April 5, 2024. TFX lost 17.11 points, or 7.52%, in 8 days. Price is near the Fibonacci 38.2% 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since March 20, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
 Candlestick pattern: [See TFX candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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