TAOPING INC (TAOP) Stock Technical Analysis
NASDAQ:TAOP - Nasdaq - VGG8675V1278 - Common Stock - Currency: USD
Taking everything into account, TAOP scores 1 out of 10 in our technical rating. TAOP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TAOP is a bad performer in the overall market: 94% of all stocks are doing better.
TAOP is part of the IT Services industry. There are 82 other stocks in this industry, of which 86% are performing better than TAOP.
TAOP 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
TAOP has an average volume of 4618860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TAOP has a been trading in the 0.23 - 0.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TAOP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.33. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TAOP 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
0.32
0.46
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.46 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.24
Mansfield-5.46
10 Day High0.35
10 Day Low0.23
20 Day High0.37
20 Day Low0.23
52 Week High1.39
52 Week Low0.23
Performance
1 Week8.68%
2 Weeks18.78%
1 Month4.09%
3 Month-5.51%
6 Month-41%
12 Month-75.71%
2 Year-95.29%
3 Year-98.25%
5 Year-98.95%
10 YearN/A
15 YearN/A
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)54.33
LBB0.24
UBB0.34
0.3206
0 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.68%
1 Week8.68%
2 Weeks18.78%
1 Month4.09%
3 Month-5.51%
6 Month-41%
12 Month-75.71%
2 Year-95.29%
3 Year-98.25%
5 Year-98.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%11.13%
ATR Inc43.93%
Range Today0.05
ADR(20)0.04
ADR(20)%10.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.24
Mansfield-5.46
10 Day High0.35
10 Day Low0.23
20 Day High0.37
20 Day Low0.23
52 Week High1.39
52 Week Low0.23
CS1 EndN/A
CR1 Start0.33
Volume & EV
DER(3)6.69%
DER(5)4.97%
Volume1.50M
Volume Incr-38.21%
Vol(5)652.50K
Vol(50)4.62M