TAITRON COMPONENTS INC-CL A (TAIT) Stock Technical Analysis
NASDAQ:TAIT - Nasdaq - US8740281030 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TAIT. TAIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, TAIT is a bad performer in the overall market: 89% of all stocks are doing better.
TAIT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 78% are performing better than TAIT.
TAIT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TAIT has a been trading in the 2.06 - 2.24 range, which is quite wide. It is currently trading near the lows of this range.
Warning: TAIT has an average volume of 11138 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, TAIT does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
2.04
2.71
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.12 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.26 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.32 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.44 from a trend line in the weekly time frame.
- 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 | 11.29 | NEGATIVE | TAIT has a low relative strength, it was outperformed by 88.71% 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) | 32.81 | 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. |
| Stochastics (14,3) | 9.4 | OVERSOLD | The low Stochastics value suggests TAIT may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for TAIT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.38 | NEUTRAL | The ADX value for TAIT suggests a possible start of a new 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)
2.06
-0.02 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.96%
1 Week-3.74%
2 Weeks-2.01%
1 Month-7.21%
3 Month-6.79%
6 Month-21.2%
12 Month-29.69%
2 Year-42.3%
3 Year-47.98%
5 Year-11.59%
10 Year103.96%
15 Year101.96%
Volatility
ATR(14)0.05
ATR(20)%2.46%
ATR Inc5.04%
Range Today0.05
ADR(20)0.05
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.29
Mansfield-2.48
10 Day High2.18
10 Day Low2.06
20 Day High2.24
20 Day Low2.06
52 Week High3.05
52 Week Low2.01
CS1 EndN/A
CR1 Start2.12
Volume & EV
DER(3)-17.98%
DER(5)-16.47%
Volume31.10K
Volume Incr73.07%
Vol(5)11.12K
Vol(50)11.14K