TALKSPACE INC (TALK) Stock Technical Analysis
NASDAQ:TALK - Nasdaq - US87427V1035 - Common Stock - Currency: USD
Overall TALK gets a technical rating of 7 out of 10. Although TALK has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TALK is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. TALK outperforms 70% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TALK has an average volume of 1771680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TALK is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TALK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TALK is lagging the market slightly.
In the last month TALK has a been trading in the 2.70 - 3.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TALK 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
1.80
3.32
4 important support areas can be observed.
- A support zone ranging from 2.98 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.73 to 2.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.82 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @3.20 from a horizontal line in the weekly time frame.
- Resistance @3.29 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 | NEUTRAL | NEUTRAL | The long term trend for TALK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TALK is up. |
| ChartMill Relative Strength | 86.26 | POSITIVE | TALK has a high relative strength, it outperformed 86.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TALK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TALK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TALK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for TALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TALK has a positive trend. |
| Stochastics (14,3) | 60.66 | NEUTRAL | The Stochastics value for TALK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for TALK suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | 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)
3.19
-0.09 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.74%
1 Week15.58%
2 Weeks6.69%
1 Month1.92%
3 Month11.54%
6 Month-6.73%
12 Month21.76%
2 Year198.13%
3 Year126.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%5.51%
ATR Inc203.02%
Range Today0.19
ADR(20)0.16
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.26
Mansfield1.41
10 Day High3.53
10 Day Low2.7
20 Day High3.53
20 Day Low2.7
52 Week High4.36
52 Week Low1.6
CS1 End3.03
CR1 Start3.2
Volume & EV
DER(3)-1.36%
DER(5)1.31%
Volume2.65M
Volume Incr95.17%
Vol(5)3.08M
Vol(50)1.77M