Technical Analysis
Recent price action shows THC forming a strong upward trend with higher lows and higher highs. The stock has broken above key resistance levels and shows momentum continuing. Volume patterns support the bullish trend with increasing volume on up days.
News Sentiment & Fundamentals
Price Prediction for Next Week Based on technical momentum and positive fundamental catalysts:
Target Prices:
The stock is likely to continue its upward trajectory given:
Trading Recommendation: BUY
The combination of strong fundamentals, positive technical setup, and bullish analyst consensus suggests further upside potential in the near term. The stock appears well-positioned to reach higher levels next week.
The price of THC is predicted to go up 3.98%, based on the high correlation periods with PEG. The similarity of these two price pattern on the periods is 94.22%.
THC
PEG
With new management in place since late 2017, Tenet has become a more efficient and more profitable organization, suggesting that the team is making progress operationally.
As the top provider of ambulatory care services in the U.S., Tenet should be able to continue benefiting from the ongoing shift of procedures to outpatient facilities from acute-care hospitals, which could boost growth and margins.
Tenet continues to focus on improving its balance sheet, and more of its enterprise value could fall to shareholders rather than debtholders in the future.
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$190 → $175
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