TAYLOR DEVICES INC (TAYD) Technical Analysis
NASDAQ:TAYD • US8771631053
Current stock price
TAYD Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to TAYD. In the last year, TAYD was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TAYD has a been trading in the 73.10 - 90.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, TAYD did better than 96% of all other stocks. On top of that, TAYD also shows a nice and consistent pattern of rising prices.
- TAYD is one of the better performing stocks in the Machinery industry, it outperforms 98% of 131 stocks in the same industry.
- TAYD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TAYD is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TAYD Weekly and Daily overview Charts
TAYD Setup Rating and Analysis
Although TAYD has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TAYD Support and Resistance Analysis
47.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 73.73 to 74.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.21 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 83.25 to 84.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @89.95 from a horizontal line in the daily time frame.
TAYD Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for TAYD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TAYD is down. |
| ChartMill Relative Strength | 96.59 | POSITIVE | TAYD has a high relative strength, it outperformed 96.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAYD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TAYD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAYD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.73 | NEUTRAL | The RSI value for TAYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.93 | NEGATIVE | The MACD value suggests TAYD has a negative trend. |
| Stochastics (14,3) | 17.45 | OVERSOLD | The low Stochastics value suggests TAYD may be oversold. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for TAYD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.42 | NEUTRAL | The ADX value for TAYD suggests a possible start of a new trend. |
TAYD Chart- and CandleStick Pattern Analysis
TAYD Technicals: Chart, Performance Metrics, Trend & Indicators
74.45
-2.15 (-2.81%)
TAYLOR DEVICES INC / TAYD TA FAQ
What is the ChartMill technical rating of TAYLOR DEVICES INC (TAYD) stock?
ChartMill assigns a technical rating of 8 / 10 to TAYD.
What is the trend direction for TAYD stock?
The current trend direction for TAYLOR DEVICES INC (TAYD) is Bullish.
Can you provide the RSI signal for TAYLOR DEVICES INC?
TAYLOR DEVICES INC (TAYD) has an RSI value of 37.7277. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TAYLOR DEVICES INC?
The short term momentum for TAYLOR DEVICES INC (TAYD) is negative.
What are the support and resistance levels for TAYLOR DEVICES INC (TAYD) stock?
TAYLOR DEVICES INC (TAYD) has a support level at 74.44 and a resistance level at 83.25. Check the full technical report for our detailed analysis of TAYD support and resistance levels.