NYSEARCA:TAXF - NYSE Arca - US0250725050 - ETF - Currency: USD
Taking everything into account, TAXF scores 3 out of 10 in our technical rating. In the past year, TAXF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, TAXF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 48.93, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
46.84
When analyzing the support we can see 2 important areas.
2 important resistance areas can be observed.
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 TAXF is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAXF is up. |
ChartMill Relative Strength | 35.24 | NEUTRAL | TAXF is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAXF is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAXF is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAXF is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for TAXF is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TAXF has a positive trend. |
Stochastics (14,3) | 88.43 | OVERBOUGHT | The high Stochastics value suggests TAXF may be overbought. |
Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for TAXF suggests low volalility. |
Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for TAXF suggests a weak or negative trend. |
NYSEARCA:TAXF (6/20/2025, 8:04:00 PM)
48.95
+0.07 (+0.14%)