TAOPING INC (TAOP) Stock Technical Analysis
NASDAQ:TAOP - VGG8675V1278 - Common Stock
3.18 USD
-0.2 (-6.06%)
3.45 USD
+0.27 (+8.49%)
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than TAOP.
TAOP is one of the lesser performing stocks in the IT Services industry. 87% of 83 stocks in the same industry do better.
TAOP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TAOP has a been trading in the 3.04 - 4.47 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.
TAOP has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
3.15
5.87
We can see 3 important resistance areas.
- A resistance zone ranging from 3.35 to 3.39. 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 3.54 to 3.58. 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 5.80 to 5.81. 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 | 0.95 | NEGATIVE | TAOP has a low relative strength, it was outperformed by 99.05% 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) | 37.29 | NEUTRAL | The RSI value for TAOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TAOP has a positive trend. |
| Stochastics (14,3) | 22.4 | NEUTRAL | The Stochastics value for TAOP is a neutral value. |
| Average True Range in percent/ATR (20) | 11.32 | HIGH VOLATILITY | The high ATR as a percentage value for TAOP suggests high volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for TAOP suggests a possible start of a new 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)
3.18
-0.2 (-6.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-6.06%
1 Week-0.31%
2 Weeks-18.04%
1 Month-25.7%
3 Month-56.85%
6 Month-62.52%
12 Month-81.22%
2 Year-95.27%
3 Year-98.59%
5 Year-99.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%11.32%
ATR Inc-36.48%
Range Today0.24
ADR(20)0.34
ADR(20)%10.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.95
Mansfield-6.9
10 Day High3.99
10 Day Low3.04
20 Day High4.47
20 Day Low3.04
52 Week High29.4
52 Week Low3.04
CS1 EndN/A
CR1 Start3.35
Volume & EV
DER(3)-4.4%
DER(5)-8.11%
Volume15.60K
Volume Incr-27.38%
Vol(5)18.96K
Vol(50)32.78K