TAITRON COMPONENTS INC-CL A (TAIT) Stock Technical Analysis
NASDAQ:TAIT - Nasdaq - US8740281030 - Common Stock - Currency: USD
Taking everything into account, TAIT scores 2 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
87% of all other stocks performed better in the past year than TAIT.
TAIT is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 79% 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.
Warning: TAIT has an average volume of 12376 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month TAIT has a been trading in the 2.11 - 2.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TAIT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.17, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.10
2.71
When analyzing the support we notice one important area.
- A support zone ranging from 2.12 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.21 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.41 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @2.68 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 | 13.77 | NEGATIVE | TAIT has a low relative strength, it was outperformed by 86.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TAIT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TAIT is below the rising 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) | 48.18 | NEUTRAL | The RSI value for TAIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TAIT has a negative trend. |
| Stochastics (14,3) | 30.73 | NEUTRAL | The Stochastics value for TAIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TAIT suggests some volalility. |
| Average Directional Index/ADX (14) | 46.02 | 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)
NASDAQ:TAIT (7/18/2025, 8:14:40 PM)
2.21
+0.01 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.45%
1 Week-1.78%
2 Weeks-2.64%
1 Month2.22%
3 Month0.45%
6 Month-15%
12 Month-24.05%
2 Year-44.47%
3 Year-40.43%
5 Year-10.16%
10 Year121%
15 Year92.17%
Volatility
ATR(14)0.07
ATR(20)%3.31%
ATR Inc-56.98%
Range Today0.01
ADR(20)0.07
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.77
Mansfield-2.08
10 Day High2.31
10 Day Low2.2
20 Day High2.36
20 Day Low2.11
52 Week High3.05
52 Week Low2.01
CS1 End2.17
CR1 Start2.21
Volume & EV
DER(3)-13.87%
DER(5)-16.74%
Volume2.70K
Volume Incr-64.49%
Vol(5)6.10K
Vol(50)12.38K