TRANSACT TECHNOLOGIES INC (TACT) Stock Technical Analysis
NASDAQ:TACT - Nasdaq - US8929181035 - Common Stock - Currency: USD
Taking everything into account, TACT scores 8 out of 10 in our technical rating. Although TACT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: TACT has an average volume of 18448 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month TACT has a been trading in the 3.71 - 4.43 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TACT outperforms 51% of them, which is more or less in line with the market.
TACT is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 54% of 32 stocks in the same industry.
TACT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TACT is lagging the market.
Volume is considerably higher in the last couple of days.
Although TACT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.40
4.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.23 to 4.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.70 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.58 from a trend line in the daily time frame.
- A support zone ranging from 3.43 to 3.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TACT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TACT is up. |
| ChartMill Relative Strength | 51.77 | NEUTRAL | TACT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TACT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TACT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TACT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.16 | NEUTRAL | The RSI value for TACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TACT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.51 | NEUTRAL | The Stochastics value for TACT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TACT suggests some volalility. |
| Average Directional Index/ADX (14) | 48.26 | POSITIVE | The high ADX value value for TACT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.44 | 3.79 | 0.65 (14.66%) | 6.82% |
| An entry @4.44. This is a Buy Stop order right above the 10 day high. | An exit @3.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 14.66%. | For a 1.00% total portfolio risk, you can invest 6.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.295
+0.05 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.3%
1 Week1.19%
2 Weeks10.99%
1 Month6.27%
3 Month13.37%
6 Month0.24%
12 Month-4.72%
2 Year-40.7%
3 Year-8.03%
5 Year-21.19%
10 Year-43.54%
15 Year-45.01%
Volatility
ATR(14)0.18
ATR(20)%3.81%
ATR Inc9.45%
Range Today0.12
ADR(20)0.15
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.77
Mansfield-0.29
10 Day High4.43
10 Day Low3.8
20 Day High4.43
20 Day Low3.71
52 Week High4.89
52 Week Low3.12
CS1 End3.77
CR1 StartN/A
Volume & EV
DER(3)4.36%
DER(5)3.73%
Volume24.50K
Volume Incr85.73%
Vol(5)36.32K
Vol(50)18.45K