TALEN ENERGY CORP (TLN) Stock Technical Analysis
NASDAQ:TLN - Nasdaq - US87422Q1094 - Common Stock - Currency: USD
Overall TLN gets a technical rating of 7 out of 10. Although TLN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, TLN is a bad performer in the overall market: 100% of all stocks are doing better.
TLN is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 89% of 20 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
TLN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
TLN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
168.30
252.88
We found 4 important support areas.
- A support zone ranging from 232.24 to 235.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @189.88 from a trend line in the daily time frame.
- Support @177.13 from a trend line in the daily time frame.
- Support @170.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @245.07 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 249.99 to 250.38. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for TLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TLN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TLN has a low relative strength, it was outperformed by 100% 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) | 63.14 | NEUTRAL | The RSI value for TLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests TLN has a negative trend. |
| Stochastics (14,3) | 72.54 | NEUTRAL | The Stochastics value for TLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TLN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for TLN suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 245.08 | 232.33 | 12.75 (5.20%) | 19.22% |
| An entry @245.08. This is a Buy Stop order right above the resistance zone. | An exit @232.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.75 points, which is 5.20%. | When investing 19.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TLN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
243.08
+4.45 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.86%
1 Week-0.73%
2 Weeks7.96%
1 Month14.9%
3 Month11.1%
6 Month13.48%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9
ATR(20)%3.76%
ATR Inc-15.44%
Range Today7.15
ADR(20)8.21
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High247.35
10 Day Low232.34
20 Day High247.35
20 Day Low206.01
52 Week HighN/A
52 Week LowN/A
CS1 End235.38
CR1 Start245.07
Volume & EV
DER(3)2.06%
DER(5)1.42%
Volume457.50K
Volume Incr-34.94%
Vol(5)565.10K
Vol(50)966.53K