Technical Analysis for THC - Tenet Healthcare Corporation

Grade Last Price % Change Price Change
A 130.02 1.21% 1.55
THC closed up 0.42 percent on Friday, May 17, 2024, on 59 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: May 22
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 1.21%
NR7 Range Contraction 1.21%
Narrow Range Bar Range Contraction 1.21%
Wide Bands Range Expansion 1.21%
Overbought Stochastic Strength 1.21%
Slingshot Bullish Bullish Swing Setup 1.63%
Multiple of Ten Bearish Other 1.63%
Wide Bands Range Expansion 1.63%
Overbought Stochastic Strength 1.63%
New 52 Week Closing High Bullish -2.22%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout 1 minute ago
Bullish 180 Entry about 3 hours ago
Rose Above Previous Day's High about 3 hours ago
Up 1% about 3 hours ago
Possible NR7 3 days ago

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Profile

Tenet Healthcare Corporation Description

Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, urgent care centers, and related health care facilities in the United States. The company's general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy; and orthopedic, oncology, and outpatient services; tertiary care services, such as open-heart surgery, neonatal intensive care, and neuroscience; quaternary care in areas, including heart, liver, kidney, and bone marrow transplants, as well as burn services; gamma-knife brain surgery; and cyberknife radiation therapy for tumors and lesions in the brain, lung, neck, and spine. In addition, the company offers operational management for patient access, health information management, revenue integrity, and patient financial services; customized patient communications solutions to optimize the relationship between providers and patients; and management services, such as clinical integration, financial risk management, and population health management. As of December 31, 2012, it operated 49 hospitals, including 3 academic medical centers, a children's hospital, and a critical access hospital, with a total of 13,216 licensed beds, serving primarily urban and suburban communities in 10 states of the United States; a long-term acute care hospital; and 117 free-standing and provider-based outpatient centers in 11 states, including diagnostic imaging centers, ambulatory surgery centers, and urgent care centers. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.


Classification

Sector: Healthcare
Industry: Medical Care
Keywords: Medicine Surgery Clinic Neuroscience Tumor Bone Radiation Information Management Radiation Therapy Respiratory Therapy Diagnostic Imaging Spine Radiology Physical Therapy Acute Care Hospitals Health Care Services Therapy Services Bone Marrow Financial Risk Management Health Management Diagnostic Imaging Centers Health Information Management Outpatient Surgery Population Health Management Urgent Care Centers Acute Care Services Ambulatory Care Heart Surgery Outpatient Services Acute Care Cyberknife Open Heart Surgery Operational Management Radiology Services

Is THC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 133.17
52 Week Low 51.04
Average Volume 1,295,529
200-Day Moving Average 81.33
50-Day Moving Average 106.76
20-Day Moving Average 115.97
10-Day Moving Average 126.81
Average True Range 3.70
RSI (14) 70.15
ADX 36.85
+DI 44.61
-DI 18.13
Chandelier Exit (Long, 3 ATRs) 122.06
Chandelier Exit (Short, 3 ATRs) 101.14
Upper Bollinger Bands 142.09
Lower Bollinger Band 89.85
Percent B (%b) 0.74
BandWidth 45.05
MACD Line 7.79
MACD Signal Line 6.84
MACD Histogram 0.9499
Fundamentals Value
Market Cap 13.05 Billion
Num Shares 102 Million
EPS 5.71
Price-to-Earnings (P/E) Ratio 22.50
Price-to-Sales 0.44
Price-to-Book 5.56
PEG Ratio 1.22
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 130.81
Resistance 3 (R3) 130.66 129.74 130.42
Resistance 2 (R2) 129.74 129.14 129.81 130.29
Resistance 1 (R1) 129.10 128.77 129.42 129.25 130.16
Pivot Point 128.18 128.18 128.33 128.25 128.18
Support 1 (S1) 127.54 127.58 127.86 127.69 126.78
Support 2 (S2) 126.62 127.21 126.69 126.65
Support 3 (S3) 125.98 126.62 126.52
Support 4 (S4) 126.13