TRANSACT TECHNOLOGIES INC (TACT) Technical Analysis
NASDAQ:TACT • US8929181035
Current stock price
TACT Technical Rating and Analysis
Overall TACT gets a technical rating of 0 out of 10. TACT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TACT is a bad performer in the overall market: 82% of all stocks are doing better.
- TACT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TACT is lagging the market.
- TACT is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry, TACT did better than 50% of them.
- In the last month TACT has a been trading in the 3.06 - 3.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
TACT Weekly and Daily overview Charts
TACT Setup Rating and Analysis
TACT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
TACT Support and Resistance Analysis
3.28
We can see 2 important resistance areas.
- A resistance zone ranging from 3.37 to 3.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.77 from a trend line in the daily time frame.
TACT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for TACT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TACT is down. |
| ChartMill Relative Strength | 18.06 | NEGATIVE | TACT has a low relative strength, it was outperformed by 81.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TACT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TACT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TACT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.11 | NEUTRAL | The RSI value for TACT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TACT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.55 | NEUTRAL | The Stochastics value for TACT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for TACT suggests high volalility. |
| Average Directional Index/ADX (14) | 9.37 | NEGATIVE | The low ADX value for TACT suggests a weak or negative trend. |
TACT Chart- and CandleStick Pattern Analysis
TACT Technicals: Chart, Performance Metrics, Trend & Indicators
3.31
-0.11 (-3.22%)
TRANSACT TECHNOLOGIES INC / TACT TA FAQ
What is the ChartMill technical rating of TRANSACT TECHNOLOGIES INC (TACT) stock?
ChartMill assigns a technical rating of 0 / 10 to TACT.
Can you provide the trend direction for TRANSACT TECHNOLOGIES INC?
The current trend direction for TRANSACT TECHNOLOGIES INC (TACT) is Bearish.
What is the RSI signal for TRANSACT TECHNOLOGIES INC (TACT) stock?
TRANSACT TECHNOLOGIES INC (TACT) has an RSI value of 43.106. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRANSACT TECHNOLOGIES INC (TACT) stock?
The buy/sell signal for TRANSACT TECHNOLOGIES INC (TACT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for TRANSACT TECHNOLOGIES INC (TACT) stock?
TRANSACT TECHNOLOGIES INC (TACT) has a resistance level at 3.37. Check the full technical report for our detailed analysis of TACT support and resistance levels.