TAITRON COMPONENTS INC-CL A (TAIT) Stock Technical Analysis
NASDAQ:TAIT - Nasdaq - US8740281030 - Common Stock - Currency: USD
Taking everything into account, TAIT scores 1 out of 10 in our technical rating. TAIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, TAIT is a bad performer in the overall market: 83% of all stocks are doing better.
TAIT is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 69% of 124 stocks in the same industry do better.
TAIT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: TAIT has an average volume of 15164 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month TAIT has a been trading in the 2.52 - 2.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TAIT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TAIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.49
3.00
We found 1 important support area.
- A support zone ranging from 2.52 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.62 to 2.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.79 from a trend line in the daily time frame.
- A resistance zone ranging from 2.93 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.07
Mansfield-1.82
10 Day High2.65
10 Day Low2.55
20 Day High2.68
20 Day Low2.52
52 Week High3.34
52 Week Low2.52
Performance
1 Week-0.37%
2 Weeks0.72%
1 Month0.97%
3 Month-7.45%
6 Month-9.15%
12 Month-18.18%
2 Year-33.42%
3 Year-26.27%
5 Year-6.12%
10 Year161%
15 Year66.24%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)50.3
LBB2.53
UBB2.65
TAITRON COMPONENTS INC-CL A
NASDAQ:TAIT (1/30/2025, 5:30:20 PM)
2.61
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0%
1 Week-0.37%
2 Weeks0.72%
1 Month0.97%
3 Month-7.45%
6 Month-9.15%
12 Month-18.18%
2 Year-33.42%
3 Year-26.27%
5 Year-6.12%
10 Year161%
15 Year66.24%
Volatility
ATR(14)0.05
ATR(20)%2.1%
ATR Inc18.03%
Range Today0.1
ADR(20)0.05
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.07
Mansfield-1.82
10 Day High2.65
10 Day Low2.55
20 Day High2.68
20 Day Low2.52
52 Week High3.34
52 Week Low2.52
CS1 End2.61
CR1 Start2.62
Volume & EV
DER(3)6.13%
DER(5)3.86%
Volume22.73K
Volume Incr-46.89%
Vol(5)6.61K
Vol(50)15.16K