TALKSPACE INC (TALK) Stock Technical Analysis
USA - NASDAQ:TALK - US87427V1035 - Common Stock
2.61 USD
+0.05 (+1.95%)
2.6 USD
-0.01 (-0.38%)
We assign a technical rating of 1 out of 10 to TALK. 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.
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.
TALK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TALK has a been trading in the 2.49 - 2.85 range, which is quite wide. It is currently trading near the lows of this range.
TALK has an average volume of 1437340 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 68% of them, which is more or less in line with the market.
TALK is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, TALK did better than 67% of them.
TALK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TALK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.85
2.90
We found 4 important support areas.
- A support zone ranging from 2.52 to 2.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.41 from a trend line in the weekly time frame.
- Support @2.30 from a horizontal line in the weekly time frame.
- Support @1.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.61 to 2.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.78 to 2.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.87 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 | DOWN | NEGATIVE | The long term trend for TALK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TALK is neutral. |
| ChartMill Relative Strength | 68.47 | 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) | DOWN | MIXED | The current price of TALK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TALK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.24 | NEUTRAL | The RSI value for TALK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TALK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for TALK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for TALK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.97 | 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)
2.61
+0.05 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.95%
1 Week1.95%
2 Weeks-1.69%
1 Month-6.79%
3 Month-5.78%
6 Month-0.76%
12 Month28.57%
2 Year33.85%
3 Year153.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.53%
ATR Inc-5.71%
Range Today0.06
ADR(20)0.09
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.47
Mansfield-2.02
10 Day High2.68
10 Day Low2.49
20 Day High2.85
20 Day Low2.49
52 Week High4.36
52 Week Low1.99
CS1 End2.57
CR1 Start2.61
Volume & EV
DER(3)2.95%
DER(5)4.04%
Volume712.50K
Volume Incr15.17%
Vol(5)1.26M
Vol(50)1.44M