TAKUNG ART CO LTD (TKAT) Stock Technical Analysis
NYSEARCA:TKAT - NYSE Arca - US87407Q2075 - Common Stock - Currency: USD
Overall TKAT gets a technical rating of 1 out of 10. TKAT 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
98% of all other stocks performed better in the past year than TKAT.
TKAT is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, of which 88% are performing better than TKAT.
TKAT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
TKAT has an average volume of 1122800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TKAT has a been trading in the 0.16 - 0.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TKAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for TKAT 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
0.19
0.22
We found 1 important support area.
- A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 TKAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TKAT is down. |
| ChartMill Relative Strength | 2.93 | NEGATIVE | TKAT has a low relative strength, it was outperformed by 97.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TKAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TKAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TKAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.86 | NEUTRAL | The RSI value for TKAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TKAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.4 | NEUTRAL | The Stochastics value for TKAT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.23 | HIGH VOLATILITY | The high ATR as a percentage value for TKAT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for TKAT suggests a strong trend. |
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)
0.1997
+0.01 (+3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg3.2%
1 Week5.94%
2 Weeks7.08%
1 Month6.51%
3 Month-48.79%
6 Month-70.19%
12 Month-84.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%11.23%
ATR Inc-41.41%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.93
Mansfield-6.98
10 Day High0.24
10 Day Low0.18
20 Day High0.24
20 Day Low0.16
52 Week High1.43
52 Week Low0.16
CS1 End0.19
CR1 Start0.21
Volume & EV
DER(3)6.73%
DER(5)3.21%
Volume143.20K
Volume Incr-59.54%
Vol(5)168.56K
Vol(50)1.12M