Technical Analysis for THC - Tenet Healthcare Corporation

Grade Last Price % Change Price Change
C 144.86 -4.60% -6.98
THC closed down 0.98 percent on Wednesday, November 20, 2024, on 80 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. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish -4.60%
NR7 Range Contraction -4.60%
Multiple of Ten Bullish Other -4.60%
Down 3 Days in a Row Weakness -4.60%
Down 4 Days in a Row Weakness -4.60%
Down 5 Days in a Row Weakness -4.60%
Oversold Stochastic Weakness -4.60%
MACD Bearish Centerline Cross Bearish -5.54%
Stochastic Reached Oversold Weakness -5.54%
Down 3 Days in a Row Weakness -5.54%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace 2 minutes ago
Down 1 ATR 2 minutes ago
Down 3% 9 minutes ago
Fell Below Previous Day's Low 17 minutes ago
Down 2 % 17 minutes 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 Tumor Neuroscience Bone Radiation Information Management Radiation Therapy Respiratory Therapy Spine Diagnostic Imaging Radiology Financial Risk Management Physical Therapy Acute Care Hospitals Health Care Services Therapy Services Bone Marrow 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 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 171.2
52 Week Low 65.9
Average Volume 1,234,365
200-Day Moving Average 132.74
50-Day Moving Average 159.44
20-Day Moving Average 157.82
10-Day Moving Average 160.44
Average True Range 6.25
RSI (14) 42.86
ADX 10.58
+DI 24.62
-DI 28.71
Chandelier Exit (Long, 3 ATRs) 152.26
Chandelier Exit (Short, 3 ATRs) 155.82
Upper Bollinger Bands 173.77
Lower Bollinger Band 141.86
Percent B (%b) 0.31
BandWidth 20.22
MACD Line -0.66
MACD Signal Line 0.52
MACD Histogram -1.174
Fundamentals Value
Market Cap 15.42 Billion
Num Shares 102 Million
EPS 5.71
Price-to-Earnings (P/E) Ratio 26.59
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) 157.38
Resistance 3 (R3) 157.24 155.26 156.45
Resistance 2 (R2) 155.26 153.85 155.33 156.14
Resistance 1 (R1) 153.55 152.98 152.56 153.69 155.84
Pivot Point 151.57 151.57 151.08 151.64 151.57
Support 1 (S1) 149.86 150.16 148.87 150.00 147.84
Support 2 (S2) 147.88 149.29 147.95 147.54
Support 3 (S3) 146.17 147.88 147.23
Support 4 (S4) 146.31