TALEN ENERGY CORP (TLN) Stock Technical Analysis
NASDAQ:TLN - Nasdaq - US87422Q1094 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TLN. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TLN is a bad performer.
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.
In the last month TLN has a been trading in the 232.34 - 277.20 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
168.30
279.93
3 important support areas can be observed.
- A support zone ranging from 234.50 to 235.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @179.92 from a trend line in the daily time frame.
- A support zone ranging from 170.00 to 170.08. 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) | 75.26 | OVERBOUGHT | The high RSI value suggests TLN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.45 | POSITIVE | The MACD value suggests TLN has a positive trend. |
| Stochastics (14,3) | 81.89 | OVERBOUGHT | The high Stochastics value suggests TLN may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TLN suggests some volalility. |
| Average Directional Index/ADX (14) | 32.18 | POSITIVE | The high ADX value value for TLN 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)
277.16
+2.17 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.79%
1 Week7.44%
2 Weeks12.38%
1 Month12.28%
3 Month34.19%
6 Month32.55%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.18
ATR(20)%3.3%
ATR Inc38.16%
Range Today8.24
ADR(20)8.75
ADR(20)%3.16%
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 High277.2
10 Day Low239.89
20 Day High277.2
20 Day Low232.34
52 Week HighN/A
52 Week LowN/A
CS1 End235.38
CR1 StartN/A
Volume & EV
DER(3)2.05%
DER(5)1.4%
Volume1.01M
Volume Incr103.72%
Vol(5)1.61M
Vol(50)980.74K