Teva Pharmaceutical Industries (NYSE: TEVA) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 16.2 – 16.6 |
| Target | 17.6 – 18 |
| StopLoss* | below 15.6 |
| Duration | 10-12 Trading Days |
| Potential Returns | 7% – 8% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 16.2 – 16.6 | 17.6 – 18 | below 15.6 | 10-12 Trading Days | 7% – 8% |
* Once the first target hit, reset the StopLoss at your buying price.
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Teva Pharmaceutical Industries (NYSE: TEVA) STOCK OVERVIEW
Teva Pharmaceutical Industries Ltd., commonly known as Teva Pharma, is one of the largest pharmaceutical companies globally, specializing in generic and specialty medicines. Founded in 1901 in Jerusalem, Israel, Teva has grown into a multinational corporation with operations in over 60 countries. Teva’s primary focus is on developing, manufacturing, and marketing a wide range of generic and specialty medicines, including both branded and non-branded pharmaceuticals. The company produces medications across various therapeutic areas, such as central nervous system (CNS) disorders, respiratory diseases, oncology, pain management, and more.
| Stock Data | |
| NYSE Symbol | TEVA |
| Sectoral Index | Biotechnology: Pharmaceutical Preparations |
| 52 Weeks High | 16.57 |
| 52 Weeks Low | 7.085 |
Teva Pharmaceutical Industries (NYSE: TEVA) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Teva Pharmaceutical Industries — NYSE —
Teva Pharmaceutical Industries (NYSE: TEVA) - DAILY TECHNICAL ANALYSIS
- Previously the price has formed a Rounding Bottom pattern.
- After the breakout, a sharp rally has been seen.
- With a short pullback, price again moved upside.
- An Inverted Head & Shoulder pattern can be seen at the chart.
- After the breakout, supported by the volume, price sustained above the breakout level and moving further upside.
Teva Pharmaceutical Industries (NYSE: TEVA) - RSI
- Current RSI of this stock is 83.18, which indicates the strength of buyers.
Teva Pharmaceutical Industries (NYSE: TEVA) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Teva Pharmaceutical Industries (NYSE: TEVA) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Teva Pharmaceutical Industries (NYSE: TEVA) STOCK PRICE FORECAST
Based on our swing trading strategies for nyse stocks, Teva Pharmaceutical Industries stock price target will be USD 17.6 – USD 18 in the next 10-12 trading sessions.
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