TAITRON COMPONENTS INC-CL A (TAIT) Stock Technical Analysis
USA - NASDAQ:TAIT - US8740281030 - Common Stock
2.6 USD
-0.01 (-0.38%)
2.6 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TAIT. Although TAIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TAIT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 64% are performing better than TAIT.
TAIT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, TAIT turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
In the last month TAIT has a been trading in the 2.30 - 3.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TAIT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for TAIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.08
2.83
We found 2 important support areas.
- A support zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.60 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.76 to 2.80. This zone is formed by a combination of multiple trend lines in the weekly 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 | UP | POSITIVE | The long term trend for TAIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAIT is up. |
| ChartMill Relative Strength | 47.4 | NEUTRAL | TAIT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TAIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TAIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.93 | NEUTRAL | The RSI value for TAIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TAIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.75 | NEUTRAL | The Stochastics value for TAIT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for TAIT suggests high volalility. |
| Average Directional Index/ADX (14) | 54.31 | POSITIVE | The high ADX value value for TAIT 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)
2.6
-0.01 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.38%
1 Week4.42%
2 Weeks-0.38%
1 Month-25.93%
3 Month15.56%
6 Month18.72%
12 Month-10.62%
2 Year-23.53%
3 Year-36.59%
5 Year4.42%
10 Year162.63%
15 Year132.14%
Volatility
ATR(14)0.14
ATR(20)%8.34%
ATR Inc-44.79%
Range Today0.07
ADR(20)0.19
ADR(20)%7.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.4
Mansfield-0.51
10 Day High2.65
10 Day Low2.42
20 Day High3.1
20 Day Low2.3
52 Week High5.1
52 Week Low2.01
CS1 End2.44
CR1 Start2.6
Volume & EV
DER(3)11.59%
DER(5)5.23%
Volume45.90K
Volume Incr-96.97%
Vol(5)37.82K
Vol(50)508.14K