TAL EDUCATION GROUP- ADR (TAL) Stock Technical Analysis
USA - NYSE:TAL - US8740801043 - ADR
We assign a technical rating of 7 out of 10 to TAL. Although TAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although TAL has an excellent technical rating, it does not present a decent entry opportunity 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 3 important support areas.
- A support zone ranging from 11.64 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages 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.
When analyzing the resistance we notice 3 important areas.
- Resistance @12.61 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 12.87 to 12.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for TAL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAL is neutral. |
| ChartMill Relative Strength | 61.2 | NEUTRAL | TAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAL is above 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 | POSITIVE | The current price of TAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.86 | NEUTRAL | The RSI value for TAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TAL has a negative trend. |
| Stochastics (14,3) | 40.31 | NEUTRAL | The Stochastics value for TAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for TAL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.97 | NEUTRAL | The ADX value for TAL suggests a possible start of a new trend. |
11.95
+0.3 (+2.58%)
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 7 / 10 to TAL.
What is the trend direction for TAL stock?
The current trend direction for TAL EDUCATION GROUP- ADR (TAL) is Bullish.
What is the RSI signal for TAL EDUCATION GROUP- ADR (TAL) stock?
TAL EDUCATION GROUP- ADR (TAL) has an RSI value of 52.8592. 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 11.7 and a resistance level at 12.61. Check the full technical report for our detailed analysis of TAL support and resistance levels.