TAOPING INC (TAOP) Stock Technical Analysis
USA - NASDAQ:TAOP - VGG8675V1351 - Common Stock
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.
TAOP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.47. Right above this resistance zone may be a good entry point.
More info and screens
2.26
We can see 4 important resistance areas.
- A resistance zone ranging from 2.47 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.63 from a trend line in the daily time frame.
- Resistance @2.80 from a trend line in the daily time frame.
- Resistance @3.81 from a trend line in the weekly 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 TAOP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAOP is down. |
| ChartMill Relative Strength | 2.02 | NEGATIVE | TAOP has a low relative strength, it was outperformed by 97.98% 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) | 38.14 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 38.36 | NEUTRAL | The Stochastics value for TAOP is a neutral value. |
| Average True Range in percent/ATR (20) | 11.57 | HIGH VOLATILITY | The high ATR as a percentage value for TAOP suggests high volalility. |
| Average Directional Index/ADX (14) | 18.59 | NEGATIVE | The low ADX value for TAOP suggests a weak or negative trend. |
2.28
-0.07 (-2.98%)
TAOPING INC / TAOP FAQ
Can you provide the ChartMill technical rating for TAOPING INC?
ChartMill assigns a technical rating of 0 / 10 to TAOP.
What is the trend direction for TAOP stock?
The current trend direction for TAOPING INC (TAOP) is Bearish.
What is the RSI signal for TAOPING INC (TAOP) stock?
TAOPING INC (TAOP) has an RSI value of 38.1447. This indicates that the stock is currently neutral.
What is the MACD signal for TAOPING INC (TAOP) stock?
The MACD indicator for TAOPING INC (TAOP) has a value of 0.00867874, indicating a bearish trend.
What is the short term momentum for TAOP stock?
The short term momentum for TAOPING INC (TAOP) is negative.