TAL EDUCATION GROUP- ADR (TAL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TAL - US8740801043 - ADR
We assign a technical rating of 1 out of 10 to TAL. TAL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TAL has a poor technical rating and the quality of the setup is also not perfect 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
9.73
We found 4 important support areas.
- Support @10.79 from a trend line in the daily time frame.
- Support @10.45 from a trend line in the daily time frame.
- A support zone ranging from 10.00 to 10.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.83 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.07 to 11.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.34 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.61 to 12.73. 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 | NEUTRAL | NEUTRAL | The long term trend for TAL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAL is down. |
| ChartMill Relative Strength | 70.31 | POSITIVE | TAL has a high relative strength, it outperformed 70.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.41 | NEUTRAL | The RSI value for TAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.91 | NEUTRAL | The Stochastics value for TAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.31 | NEGATIVE | The low ADX value for TAL suggests a weak or negative trend. |
11.06
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TAL EDUCATION GROUP- ADR / TAL FAQ
What is the ChartMill technical rating of TAL EDUCATION GROUP- ADR (TAL) stock?
ChartMill assigns a technical rating of 1 / 10 to TAL.
What is the trend direction for TAL stock?
The current trend direction for TAL EDUCATION GROUP- ADR (TAL) is Bearish.
What is the RSI signal for TAL EDUCATION GROUP- ADR (TAL) stock?
TAL EDUCATION GROUP- ADR (TAL) has an RSI value of 44.4122. This indicates that the stock is currently neutral.
What are the support and resistance levels for TAL EDUCATION GROUP- ADR (TAL) stock?
TAL EDUCATION GROUP- ADR (TAL) has a support level at 10.79 and a resistance level at 11.07. Check the full technical report for our detailed analysis of TAL support and resistance levels.