(TEVA) Investment Analysis and Advice (2024)

March 30, 2024, 08:46 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TEVA

• Buy TEVA slightly over 13.72 target n/a stop loss @ 13.68. Details

The technical summary data tells us to buy TEVA near 13.72, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 13.68 to protect against excessive loss in case the stock begins to move against the trade. 13.72 is the first level of support below 14.11, and by rule, any test of support is a buy signal. In this case, if support 13.72 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for TEVA

• Buy TEVA slightly over 14.44, target n/a, Stop Loss @ 14.4 Details

If 14.44 begins to break higher, the technical summary data tells us to buy TEVA just slightly over 14.44, with an upside target of n/a. The data also tells us to set a stop loss @ 14.4 in case the stock turns against the trade. 14.44 is the first level of resistance above 14.11, and by rule, any break above resistance is a buy signal. In this case, 14.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TEVA slightly near 14.44, target 13.96, Stop Loss @ 14.48. Details

The technical summary data is suggesting a short of TEVA if it tests 14.44 with a downside target of 13.96. We should have a stop loss in place at 14.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TEVA

• Buy TEVA slightly over 14.17, target 14.44, Stop Loss @ 14.14 Details

If 14.17 begins to break higher, the technical summary data tells us to buy TEVA just slightly over 14.17, with an upside target of 14.44. The data also tells us to set a stop loss @ 14.14 in case the stock turns against the trade. 14.17 is the first level of resistance above 14.11, and by rule, any break above resistance is a buy signal. In this case, 14.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

See Also
Institutional investors have a lot riding on Teva Pharmaceutical Industries Limited (NYSE:TEVA) with 67% ownershipClinical Collaboration Agreement between Teva and Launch Therapeutics to Accelerate Development of Dual-Action Asthma Rescue Inhaler (ICS-SABA/TEV-’248) Respiratory Program; Teva and Abingworth Enter Strategic Development Funding Agreement
• Short TEVA slightly near 14.17, target 13.96, Stop Loss @ 14.2. Details

The technical summary data is suggesting a short of TEVA if it tests 14.17 with a downside target of 13.96. We should have a stop loss in place at 14.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) Page here: TEVA.

TEVA Ratings for March 30:

Support and Resistance Plot Chart for TEVA

Blue = Current Price
Red= Resistance
Green = Support

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Prudent Investment Analysis requires observations of the support and resistance levels forTeva Pharmaceutical Industries Limited American Depositary Shares(NASDAQ: TEVA) too. These define prudent trading plans.

Warning: