TALKSPACE INC (TALK) Stock Technical Analysis
NASDAQ:TALK - Nasdaq - US87427V1035 - Common Stock - Currency: USD
Taking everything into account, TALK scores 2 out of 10 in our technical rating. TALK 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month TALK has a been trading in the 2.61 - 3.43 range, which is quite wide. It is currently trading near the lows of this range.
TALK has an average volume of 1914220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TALK outperforms 55% of them, which is more or less in line with the market.
TALK is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, TALK did better than 67% of them.
TALK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TALK is lagging the market.
TALK has a poor technical rating and the quality of the setup is also only medium 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
1.81
3.24
When analyzing the support we can see 3 important areas.
- Support @2.62 from a horizontal line in the weekly time frame.
- Support @2.55 from a horizontal line in the daily time frame.
- Support @1.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.88 to 2.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.09 from a trend line in the weekly time frame.
- Resistance @3.21 from a trend 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 TALK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TALK is down. |
| ChartMill Relative Strength | 55.08 | NEUTRAL | TALK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TALK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TALK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TALK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.08 | NEUTRAL | The RSI value for TALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TALK has a negative trend. |
| Stochastics (14,3) | 16.53 | OVERSOLD | The low Stochastics value suggests TALK may be oversold. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for TALK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for TALK 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)
2.63
-0.07 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.59%
1 Week-2.59%
2 Weeks-7.72%
1 Month-22.87%
3 Month0%
6 Month-18.32%
12 Month23.47%
2 Year52.02%
3 Year40.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.41%
ATR Inc-27.8%
Range Today0.12
ADR(20)0.13
ADR(20)%5.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.08
Mansfield-1.15
10 Day High2.89
10 Day Low2.61
20 Day High3.43
20 Day Low2.61
52 Week High4.36
52 Week Low1.6
CS1 End2.75
CR1 Start2.88
Volume & EV
DER(3)0.78%
DER(5)1.56%
Volume1.66M
Volume Incr-38.69%
Vol(5)1.49M
Vol(50)1.91M