TAL ED GROUP (XRS) Stock Technical Analysis
NYSE:XRS - New York Stock Exchange, Inc. - US8740801043
We assign a technical rating of 10 out of 10 to XRS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XRS is showing a nice and steady performance.
Besides having an excellent technical rating, XRS 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. There is a support zone below the current price at 74.02, a Stop Loss order could be placed below this zone.
More info and screens
67.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 71.85 to 74.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.22 from a horizontal line in the daily time frame.
- Support @67.73 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @76.99 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 XRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XRS is up. |
| ChartMill Relative Strength | 93.03 | POSITIVE | XRS has a high relative strength, it outperformed 93.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XRS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.57 | NEUTRAL | The RSI value for XRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests XRS has a negative trend. |
| Stochastics (14,3) | 64.18 | NEUTRAL | The Stochastics value for XRS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for XRS suggests some volalility. |
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 |
|---|---|---|---|
| 77.00 | 71.84 | 5.16 (6.70%) | 14.92% |
| An entry @77.00. This is a Buy Stop order right above the resistance zone. | An exit @71.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.16 points, which is 6.70%. | For a 1.00% total portfolio risk, you can invest 14.92% of your capital in this trade. |
- 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.
76.53
+0.26 (+0.34%)