Teladoc Health, Inc. (NYSE:TDOC) Metastock Technical Forecast

Teladoc Health, Inc. (NYSE:TDOC) Metastock Technical Forecast

Teladoc Health, Inc. (NYSE:TDOC) Metastock Technical Forecast

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Coronavirus is leading us to the future of health care. It’s called ‘telemedicine’ 

Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure. The company was founded on June 13, 2002 by George Byron Brooks and is headquartered in Purchase, NY.

Metastock Expert Advisors

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 69.6646. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 63.94. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 4 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 116.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

Performance Systems – Meisels Overbought/Oversold

Enter short today with a Market On Close (MOC) order or at the market price on tomorrow’s open.

Ron Meisels developed the Meisels Indicator as an overbought/oversold indicator that moves between a +10/-10 range and is based on whether the market closed higher or lower than the previous trading day. The original entry concept is maintained here with a long entry occurring when the indicator reaches -6 (oversold), and a short entry occurring when the indicator reaches +6 (overbought). In this case, an exit has been added when the indicator reaches a zero level from either direction. This produces a very good short-term approach to trading.

As with all overbought/oversold indicators and systems, even though it can be very good at capturing profits on a large number of trades, no real protection mechanism has been put into place if the trade immediately moves against you. Stop-loss orders should be used to prevent the few failing trades from removing all acquired profits.

Trend Analysis

Open    170.7900 
High 171.0000
Low 165.3000
Close 167.0400
Change 2.8800 (1.75%)

Volume Today: 10,040,200 shares.

Aroon

There were no Aroon signals generated today. The last signal was a Buy 6 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Buy 7 period(s) Ago.

MACD

There were no MACD signals generated today. The last signal was a Buy 6 period(s) Ago.

Stop and Reverse (SAR)

There were no SAR signals generated today. The last signal was a Buy 7 period(s) Ago.

Summary

The current market condition for TELADOC HEALTH is:

   Very Bullish       
  • The close is currently Above it’s 200 period moving average.
  • The close is currently Above it’s 90 period moving average.
  • The close is currently Above it’s 30 period moving average.

There is additional confirmation from one or more Buy signals within the last 10 periods. Refer to the Indicator Analysis table above for details.

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