TAL EDUCATION GROUP- ADR (TAL) Stock Technical Analysis
NYSE:TAL - New York Stock Exchange, Inc. - US8740801043 - ADR - Currency: USD
We assign a technical rating of 2 out of 10 to TAL. Recently some decent action could be observed, but in the medium term time frame this is still negative. TAL was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TAL is a bad performer in the overall market: 85% of all stocks are doing better.
TAL is one of the lesser performing stocks in the Diversified Consumer Services industry. 61% of 71 stocks in the same industry do better.
In the last month TAL has a been trading in the 10.11 - 11.19 range, which is quite wide. It is currently trading near the lows of this range.
TAL has an average volume of 7724980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TAL is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TAL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.61, a Stop Loss order could be placed below this zone.
More info and screens
8.82
14.97
3 important support areas can be observed.
- A support zone ranging from 10.18 to 10.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.33 from a trend line in the weekly time frame.
- Support @8.91 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.54 to 10.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.75 from a trend line in the daily time frame.
- A resistance zone ranging from 10.98 to 11.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.82 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for TAL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAL is neutral. |
| ChartMill Relative Strength | 15.07 | NEGATIVE | TAL has a low relative strength, it was outperformed by 84.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.06 | NEUTRAL | The RSI value for TAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TAL has a negative trend. |
| Stochastics (14,3) | 25.98 | NEUTRAL | The Stochastics value for TAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TAL suggests some volalility. |
| Average Directional Index/ADX (14) | 9.68 | NEGATIVE | The low ADX value for TAL suggests a weak or negative 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)
10.3
+0.08 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg0.78%
1 Week-6.45%
2 Weeks-2.55%
1 Month1.68%
3 Month-16.12%
6 Month4.78%
12 Month-4.1%
2 Year25.92%
3 Year109.35%
5 Year-86.82%
10 Year51.73%
15 Year209.31%
Volatility
ATR(14)0.33
ATR(20)%3.13%
ATR Inc21.6%
Range Today0.2
ADR(20)0.29
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.07
Mansfield-0.89
10 Day High11.19
10 Day Low10.11
20 Day High11.19
20 Day Low10.11
52 Week High15.3
52 Week Low7.35
CS1 End10.61
CR1 Start10.86
Volume & EV
DER(3)1.42%
DER(5)-2.08%
Volume3.72M
Volume Incr-36.44%
Vol(5)3.86M
Vol(50)7.72M