How to Evaluate Teladoc Health Inc #TDOC by Looking at the Charts

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 180.37
P2 146.30 142.76 218.45
P3 152.44 156.26 260.80

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Teladoc Health Inc (NASDAQ: TDOC) report below can help you understand how to do this. The trading plans for TDOC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Long Term Trading Plans for TDOC

May 9, 2021, 7:45 am ET

The Technical Summary and Trading Plans for TDOC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TDOC Report.

TDOC - (Long) Support Plan

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

TDOC - (Short) Resistance Plan

The technical summary data is suggesting a short of TDOC as it gets near 180.37, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 180.89. 180.37 is the first level of resistance above 151.04, and by rule, any test of resistance is a short signal. In this case, if resistance 180.37 is being tested, so a short signal would exist.

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for TDOC

May 9, 2021, 7:45 am ET

The Technical Summary and Trading Plans for TDOC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TDOC Report.

TDOC - (Long) Support Plan

If 156.26 begins to break higher, the technical summary data tells us to buy TDOC just over 156.26, with an upside target of 180.37. The data also tells us to set a stop loss @ 155.81 in case the stock turns against the trade. 156.26 is the first level of resistance above 151.04, and by rule, any break above resistance is a buy signal. In this case, 156.26, 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.

TDOC - (Short) Resistance Plan

The technical summary data is suggesting a short of TDOC if it tests 156.26 with a downside target of 142.76. We should have a stop loss in place at 156.71 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, 156.26, 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 TDOC

May 9, 2021, 7:45 am ET

The Technical Summary and Trading Plans for TDOC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TDOC Report.

TDOC - (Long) Support Plan

If 152.44 begins to break higher, the technical summary data tells us to buy TDOC just over 152.44, with an upside target of 156.26. The data also tells us to set a stop loss @ 152.08 in case the stock turns against the trade. 152.44 is the first level of resistance above 151.04, and by rule, any break above resistance is a buy signal. In this case, 152.44, 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.

TDOC - (Short) Resistance Plan

The technical summary data is suggesting a short of TDOC if it tests 152.44 with a downside target of 146.30. We should have a stop loss in place at 152.8 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, 152.44, 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.