Taking everything into account, TAIT scores 0 out of 10 in our technical rating. TAIT'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.
TAIT has a poor technical rating and the quality of the setup is also only medium 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
1.17
When analyzing the support we notice one important area.
- A support zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @2.62 from a horizontal line in the daily time frame.
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 TAIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAIT is down. |
| ChartMill Relative Strength | 4.92 | NEGATIVE | TAIT has a low relative strength, it was outperformed by 95.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.35 | OVERSOLD | The low RSI value suggests TAIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TAIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.52 | OVERSOLD | The low Stochastics value suggests TAIT may be oversold. |
| Average True Range in percent/ATR (20) | 12.81 | HIGH VOLATILITY | The high ATR as a percentage value for TAIT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.67 | POSITIVE | The high ADX value value for TAIT suggests a strong trend. |
1.22
+0.03 (+2.52%)
TAITRON COMPONENTS INC-CL A / TAIT FAQ
What is the ChartMill technical rating of TAITRON COMPONENTS INC-CL A (TAIT) stock?
ChartMill assigns a technical rating of 0 / 10 to TAIT.
What is the trend direction for TAIT stock?
The current trend direction for TAITRON COMPONENTS INC-CL A (TAIT) is Bearish.
What is the RSI signal for TAIT stock?
TAITRON COMPONENTS INC-CL A (TAIT) has an RSI value of 28.3538. This indicates that the stock is currently oversold.
Can you provide the MACD signal for TAITRON COMPONENTS INC-CL A?
The MACD indicator for TAITRON COMPONENTS INC-CL A (TAIT) has a value of -0.0321877, indicating a bearish trend.
Can you provide the buy/sell signal for TAITRON COMPONENTS INC-CL A?
The buy/sell signal for TAITRON COMPONENTS INC-CL A (TAIT) is sell as both the short term and long term trends are negative.