📊AI Chart Analysis: TEVA
Technical chart analysis powered by AI vision
📋Executive Summary
AI-generated analysis for educational purposes: The weekly and daily charts show TEVA in a clear intermediate-term uptrend with price trading above the 50- and 200-period moving averages after a multi-week accumulation and a clean breakout. Momentum indicators are mixed (MACD showing short-term weakening while longer MA structure remains bullish), so the technical thesis is that the chart is in a markup phase where pullbacks to the $30 area offer higher-probability entries for capturing the next 15-30% leg higher toward the mid-$40s over several months.
$44.00
2-6 months
Pattern Analysis
If the breakout sustains and pullbacks respect the $30–$31 order block and 50-SMA, the measured move from the base suggests a target in the low-to-mid $40s. Failure to hold the $29–$30 area would indicate a loss of bullish structure and increase the probability of a deeper retracement toward the $24–$25 base.
💡 Buyers accumulated through the rounded base (cup) over months while sellers were absorbed; the breakout represents institutions shifting from accumulation to markup. Short-term consolidation/handle or flag can form as early buyers take profits and fresh buyers decide to enter on pullbacks.
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⚠️ Disclaimer: This AI-generated analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.