TAKUNG ART CO LTD (TKAT) Stock Technical Analysis
USA - NYSEARCA:TKAT - US87407Q2075 - Common Stock
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.
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
When analyzing the support we notice one important 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.
2 important resistance areas can be observed.
- 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. |
0.1997
+0.01 (+3.2%)
TAKUNG ART CO LTD / TKAT FAQ
What is the technical rating for TKAT stock?
ChartMill assigns a technical rating of 1 / 10 to TKAT.
Can you provide the trend direction for TAKUNG ART CO LTD?
The current trend direction for TAKUNG ART CO LTD (TKAT) is Bearish.
Can you provide the RSI signal for TAKUNG ART CO LTD?
TAKUNG ART CO LTD (TKAT) has an RSI value of 49.8645. This indicates that the stock is currently neutral.
What is the short term momentum for TKAT stock?
The short term momentum for TAKUNG ART CO LTD (TKAT) is negative.
Can you provide the support and resistance levels for TAKUNG ART CO LTD?
TAKUNG ART CO LTD (TKAT) has a support level at 0.19 and a resistance level at 0.21. Check the full technical report for our detailed analysis of TKAT support and resistance levels.