Overall TAO gets a technical rating of 0 out of 10. TAO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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.
- 67% of all other stocks performed better in the past year than TAO.
- Warning: TAO has an average volume of 24936 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- TAO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TAO is lagging the market.
- In the last month TAO has a been trading in the 24.15 - 28.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
TAO has a poor technical rating and the quality of the setup is also not perfect 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
23.94
We found 1 important support area.
- A support zone ranging from 24.18 to 24.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.71 to 28.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TAO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAO is neutral. |
| ChartMill Relative Strength | 33.31 | NEUTRAL | TAO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TAO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.23 | NEUTRAL | The RSI value for TAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests TAO has a positive trend. |
| Stochastics (14,3) | 94.14 | OVERBOUGHT | The high Stochastics value suggests TAO may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for TAO suggests low volalility. |
Guggenheim China Real Estate ETF
NYSEARCA:TAO (2/14/2020, 8:04:06 PM)
25.93
-0.06 (-0.23%)
Guggenheim China Real Estate ETF / TAO FAQ
What is the technical rating for TAO stock?
ChartMill assigns a technical rating of 0 / 10 to TAO.
Can you provide the trend direction for Guggenheim China Real Estate ETF?
The current trend direction for Guggenheim China Real Estate ETF (TAO) is Bearish.
Can you provide the RSI signal for Guggenheim China Real Estate ETF?
Guggenheim China Real Estate ETF (TAO) has an RSI value of 50.2332. This indicates that the stock is currently neutral.
What is the MACD signal for TAO stock?
The MACD indicator for Guggenheim China Real Estate ETF (TAO) has a value of 0.156969, indicating a bearish trend.
Can you provide the support and resistance levels for Guggenheim China Real Estate ETF?
Guggenheim China Real Estate ETF (TAO) has a support level at 24.37 and a resistance level at 27.71. Check the full technical report for our detailed analysis of TAO support and resistance levels.