We assign a technical rating of 0 out of 10 to TANH. TANH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TANH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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0.96
When analyzing the resistance we notice one important area.
- Resistance @2.35 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 TANH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TANH is down. |
| ChartMill Relative Strength | 1.78 | NEGATIVE | TANH has a low relative strength, it was outperformed by 98.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TANH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TANH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TANH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.14 | NEUTRAL | The RSI value for TANH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TANH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.04 | NEUTRAL | The Stochastics value for TANH is a neutral value. |
| Average True Range in percent/ATR (20) | 8.75 | HIGH VOLATILITY | The high ATR as a percentage value for TANH suggests high volalility. |
| Average Directional Index/ADX (14) | 38.69 | POSITIVE | The high ADX value value for TANH suggests a strong trend. |
0.97
-0.05 (-4.9%)
TANTECH HOLDINGS LTD / TANH FAQ
What is the technical rating for TANH stock?
ChartMill assigns a technical rating of 0 / 10 to TANH.
What is the current trend direction of TANTECH HOLDINGS LTD (TANH) stock?
The current trend direction for TANTECH HOLDINGS LTD (TANH) is Bearish.
What is the RSI signal for TANTECH HOLDINGS LTD (TANH) stock?
TANTECH HOLDINGS LTD (TANH) has an RSI value of 31.1405. This indicates that the stock is currently neutral.
What is the MACD signal for TANH stock?
The MACD indicator for TANTECH HOLDINGS LTD (TANH) has a value of 0.00894231, indicating a bearish trend.
What are the support and resistance levels for TANTECH HOLDINGS LTD (TANH) stock?
TANTECH HOLDINGS LTD (TANH) has a resistance level at 2.35. Check the full technical report for our detailed analysis of TANH support and resistance levels.