TAITRON COMPONENTS INC-CL A (TAIT) Technical Analysis
NASDAQ:TAIT • US8740281030
Current stock price
TAIT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TAIT. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than TAIT.
- TAIT is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 86% of 124 stocks in the same industry do better.
- TAIT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TAIT is lagging the market.
- In the last month TAIT has a been trading in the 0.95 - 2.29 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
TAIT Weekly and Daily overview Charts
TAIT Setup Rating and Analysis
The technical rating of TAIT is bad and it also does not present a quality setup 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
TAIT Support and Resistance Analysis
1.04
We found 1 important resistance area.
- Resistance @2.62 from a horizontal line in the daily time frame.
TAIT 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 TAIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAIT is down. |
| ChartMill Relative Strength | 3.49 | NEGATIVE | TAIT has a low relative strength, it was outperformed by 96.51% 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) | 24.89 | OVERSOLD | The low RSI value suggests TAIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TAIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.39 | OVERSOLD | The low Stochastics value suggests TAIT may be oversold. |
| Average True Range in percent/ATR (20) | 14.36 | HIGH VOLATILITY | The high ATR as a percentage value for TAIT suggests high volalility. |
| Average Directional Index/ADX (14) | 40.34 | POSITIVE | The high ADX value value for TAIT suggests a strong trend. |
TAIT Chart- and CandleStick Pattern Analysis
TAIT Technicals: Chart, Performance Metrics, Trend & Indicators
1.05
-0.18 (-14.63%)
TAITRON COMPONENTS INC-CL A / TAIT TA 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 current trend direction of TAITRON COMPONENTS INC-CL A (TAIT) stock?
The current trend direction for TAITRON COMPONENTS INC-CL A (TAIT) is Bearish.
What is the RSI signal for TAITRON COMPONENTS INC-CL A (TAIT) stock?
TAITRON COMPONENTS INC-CL A (TAIT) has an RSI value of 24.8921. This indicates that the stock is currently oversold.
What is the buy/sell signal for TAIT stock?
The buy/sell signal for TAITRON COMPONENTS INC-CL A (TAIT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for TAITRON COMPONENTS INC-CL A (TAIT) stock?
TAITRON COMPONENTS INC-CL A (TAIT) has a resistance level at 2.62. Check the full technical report for our detailed analysis of TAIT support and resistance levels.