TAOPING INC (TAOP) Stock Technical Analysis
NASDAQ:TAOP - Nasdaq - VGG8675V1278 - Common Stock - Currency: USD
Overall TAOP gets a technical rating of 0 out of 10. TAOP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TAOP is a bad performer in the overall market: 98% of all stocks are doing better.
TAOP is part of the IT Services industry. There are 82 other stocks in this industry, of which 88% are performing better than TAOP.
TAOP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month TAOP has a been trading in the 3.52 - 5.13 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TAOP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.69
6.47
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.98 to 4.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.41 to 6.41. 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 TAOP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAOP is down. |
| ChartMill Relative Strength | 2.93 | NEGATIVE | TAOP has a low relative strength, it was outperformed by 97.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAOP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAOP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.9 | NEUTRAL | The RSI value for TAOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TAOP has a negative trend. |
| Stochastics (14,3) | 15.6 | OVERSOLD | The low Stochastics value suggests TAOP may be oversold. |
| Average True Range in percent/ATR (20) | 11.73 | HIGH VOLATILITY | The high ATR as a percentage value for TAOP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for TAOP 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)
3.7305
-0.06 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.57%
1 Week-1.31%
2 Weeks-11.18%
1 Month-24.33%
3 Month-24.04%
6 Month-53.48%
12 Month-75.38%
2 Year-94.45%
3 Year-98.34%
5 Year-99.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%11.73%
ATR Inc-19.78%
Range Today0.36
ADR(20)0.43
ADR(20)%11.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.93
Mansfield-6.58
10 Day High4.69
10 Day Low3.52
20 Day High5.13
20 Day Low3.52
52 Week High29.4
52 Week Low3.52
CS1 EndN/A
CR1 Start3.98
Volume & EV
DER(3)-11.05%
DER(5)-9.39%
Volume31.04K
Volume Incr4.2%
Vol(5)34.37K
Vol(50)86.70K