TAOPING INC (TAOP)
VGG8675V1278 - 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.
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.
94% of all other stocks performed better in the past year than TAOP.
TAOP is part of the IT Services industry. There are 86 other stocks in this industry, of which 88% are performing better than TAOP.
TAOP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TAOP is lagging the market.
In the last month TAOP has a been trading in the 0.75 - 1.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TAOP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TAOP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.97
1.13
When analyzing the support we notice one important area.
- A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.07
Mansfield-6.76
10 Day High1.12
10 Day Low0.92
20 Day High1.18
20 Day Low0.75
52 Week High10.2
52 Week Low0.75
Performance
1 Week4.07%
2 Weeks-3.77%
1 Month-5.56%
3 Month-0.97%
6 Month-45.74%
12 Month-84.25%
2 Year-92.45%
3 Year-98.1%
5 Year-97.9%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)45.98
LBB0.94
UBB1.13
TAOPING INC
NASDAQ:TAOP (5/3/2024, 7:20:49 PM)
1.02
-0.04 (-3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.77%
1 Week4.07%
2 Weeks-3.77%
1 Month-5.56%
3 Month-0.97%
6 Month-45.74%
12 Month-84.25%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.09
ATR(20)%10.7%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.12
10 Day Low0.92
20 Day High1.18
20 Day Low0.75
52 Week High10.2
52 Week Low0.75
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume21.30K
Volume Incr-59.58%
Vol(5)97.54K
Vol(50)149.97K