TALEN ENERGY CORP (TLN) Stock Technical Analysis
NASDAQ:TLN • US87422Q1094
Taking everything into account, TLN scores 7 out of 10 in our technical rating. Although TLN has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, TLN did better than 88% of all other stocks.
- TLN is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 78% of 20 stocks in the same industry.
- TLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TLN is lagging the market slightly.
- In the last month TLN has a been trading in the 310.00 - 390.00 range, which is quite wide. It is currently trading near the high of this range.
Although TLN has an excellent technical rating, it does not present a decent entry opportunity 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
318.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 367.92 to 371.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @344.99 from a horizontal line in the weekly time frame.
- Support @322.13 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @383.88 from a trend line in the daily time frame.
- A resistance zone ranging from 407.81 to 409.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @419.08 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for TLN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TLN is up. |
| ChartMill Relative Strength | 88.74 | POSITIVE | TLN has a high relative strength, it outperformed 88.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.67 | NEUTRAL | The RSI value for TLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.9 | POSITIVE | The MACD value suggests TLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.58 | OVERBOUGHT | The high Stochastics value suggests TLN may be overbought. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for TLN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.6 | NEGATIVE | The low ADX value for TLN suggests a weak or negative trend. |
382.25
+2.19 (+0.58%)
TALEN ENERGY CORP / TLN FAQ
What is the technical rating for TLN stock?
ChartMill assigns a technical rating of 7 / 10 to TLN.
Can you provide the trend direction for TALEN ENERGY CORP?
The current trend direction for TALEN ENERGY CORP (TLN) is Bearish.
Can you provide the RSI signal for TALEN ENERGY CORP?
TALEN ENERGY CORP (TLN) has an RSI value of 56.6736. This indicates that the stock is currently neutral.
What is the MACD signal for TLN stock?
The MACD indicator for TALEN ENERGY CORP (TLN) has a value of 4.90455, indicating a bullish trend.
What is the short term momentum for TALEN ENERGY CORP (TLN) stock?
The short term momentum for TALEN ENERGY CORP (TLN) is positive.