TAO SYNERGIES INC (TAOX) Stock Technical Analysis
NASDAQ:TAOX • US87167T3005
Overall TAOX gets a technical rating of 0 out of 10. TAOX 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, TAOX is a bad performer in the overall market: 100% of all stocks are doing better.
- TAOX is one of the lesser performing stocks in the Software industry. 91% of 276 stocks in the same industry do better.
- In the last month TAOX has a been trading in the 3.31 - 5.33 range, which is quite wide. It is currently trading near the lows of this range.
TAOX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.90. Right above this resistance zone may be a good entry point.
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3.72
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.90 to 3.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.38 from a trend line in the daily 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 TAOX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAOX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TAOX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAOX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TAOX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.17 | NEUTRAL | The RSI value for TAOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TAOX has a positive trend. |
| Stochastics (14,3) | 28.65 | NEUTRAL | The Stochastics value for TAOX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.65 | HIGH VOLATILITY | The high ATR as a percentage value for TAOX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for TAOX suggests a weak or negative trend. |
3.76
+0.03 (+0.8%)
TAO SYNERGIES INC / TAOX FAQ
What is the ChartMill technical rating of TAO SYNERGIES INC (TAOX) stock?
ChartMill assigns a technical rating of 0 / 10 to TAOX.
What is the trend direction for TAOX stock?
The current trend direction for TAO SYNERGIES INC (TAOX) is Bearish.
What is the RSI signal for TAO SYNERGIES INC (TAOX) stock?
TAO SYNERGIES INC (TAOX) has an RSI value of 40.1709. This indicates that the stock is currently neutral.
What is the buy/sell signal for TAO SYNERGIES INC (TAOX) stock?
The buy/sell signal for TAO SYNERGIES INC (TAOX) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for TAO SYNERGIES INC (TAOX) stock?
TAO SYNERGIES INC (TAOX) has a resistance level at 3.9. Check the full technical report for our detailed analysis of TAOX support and resistance levels.