TALEN ENERGY CORP (TLN) Stock Technical Analysis
USA - NASDAQ:TLN - US87422Q1094 - Common Stock
411.23 USD
+0.51 (+0.12%)
409 USD
-2.23 (-0.54%)
Taking everything into account, TLN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TLN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TLN is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by TLN over the past year are nicely spread over this period.
TLN is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 94% of 20 stocks in the same industry.
TLN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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 average volume of 1168600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, TLN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
298.62
415.34
We found 3 important support areas.
- A support zone ranging from 355.52 to 356.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @328.00 from a trend line in the daily time frame.
- Support @301.64 from a trend 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 | 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 | 95.17 | POSITIVE | TLN has a high relative strength, it outperformed 95.17% 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) | 60.4 | NEUTRAL | The RSI value for TLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests TLN has a negative trend. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for TLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for TLN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.76 | 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)
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 |
|---|---|---|---|
| 415.38 | 400.04 | 15.34 (3.69%) | 25.00% |
| An entry @415.38. This is a Buy Stop order right above the 10 day moving average. | An exit @400.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.34 points, which is 3.69%. | For a 0.92% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
411.23
+0.51 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.12%
1 Week-2.91%
2 Weeks2.16%
1 Month5.93%
3 Month38.05%
6 Month108.24%
12 Month125.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.4
ATR(20)%3.18%
ATR Inc-12.8%
Range Today6.99
ADR(20)11.88
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.17
Mansfield4.76
10 Day High430.71
10 Day Low400.05
20 Day High430.71
20 Day Low363.07
52 Week High430.71
52 Week Low148.02
CS1 End356.1
CR1 StartN/A
Volume & EV
DER(3)-1.01%
DER(5)-0.86%
Volume472.10K
Volume Incr-47.65%
Vol(5)627.28K
Vol(50)1.17M