Technical Analysis for TAIT - Taitron Components Incorporated

Grade Last Price % Change Price Change
grade B 3.68 -4.17% -0.16
TAIT closed down 4.17 percent on Tuesday, May 21, 2019, on 52 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Down
See historical TAIT trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Earnings Movers Other 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish -4.17%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -4.17%
Stochastic Reached Oversold Weakness -4.17%

Older signals for TAIT ...

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Profile
Taitron Components Incorporated operates as a distributor of brand name electronic components, and supplier of original designed and manufactured (ODM) electronic components. The company distributes discrete semiconductors, including transistors, diodes, rectifiers, and bridges; optoelectronic devices, such as LEDs, infrared sensors, and opto couplers; and passive components consisting of resistors, capacitors, and inductors. The company also provides ODM components, which are manufactured electronic components based on its own engineering specifications under the TCI private label brand through manufacturing partners. In addition, it offers value-added engineering and turn-key services focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects. The company serves smaller and medium-sized distributors, CEMs, and OEMs. It operates in the United States, Mexico, Brazil, Taiwan, China, Canada, and internationally. Taitron Components Incorporated has strategic alliances with Teamforce Co. Ltd.; Grand Shine Management Limited; and Zowie Technology Corporation. The company was founded in 1989 and is headquartered in Valencia, California.
Electromagnetism Electrical Engineering Semiconductors Semiconductor Devices Light Emitting Diode Electric Power Conversion Electrical Components Electrical Safety Electronic Component Rectifier Optoelectronic Devices Passivity
Is TAIT a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 7.65
52 Week Low 1.48
Average Volume 260,836
200-Day Moving Average 2.3477
50-Day Moving Average 3.5944
20-Day Moving Average 4.9598
10-Day Moving Average 5.083
Average True Range 0.8191
ADX 45.53
+DI 21.1153
-DI 24.2241
Chandelier Exit (Long, 3 ATRs ) 5.1927
Chandelier Exit (Short, 3 ATRs ) 5.4673
Upper Bollinger Band 7.2419
Lower Bollinger Band 2.6777
Percent B (%b) 0.22
BandWidth 92.023872
MACD Line 0.172
MACD Signal Line 0.5094
MACD Histogram -0.3374
Fundamentals Value
Market Cap 20.5 Million
Num Shares 5.57 Million
EPS -0.47
Price-to-Earnings (P/E) Ratio -7.83
Price-to-Sales 1.24
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.10
Dividend Yield 2.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.30
Resistance 3 (R3) 4.30 4.10 4.19
Resistance 2 (R2) 4.10 3.94 4.10 4.16
Resistance 1 (R1) 3.89 3.85 3.79 3.89 4.12
Pivot Point 3.69 3.69 3.64 3.69 3.69
Support 1 (S1) 3.48 3.53 3.38 3.48 3.24
Support 2 (S2) 3.28 3.44 3.28 3.20
Support 3 (S3) 3.07 3.28 3.17
Support 4 (S4) 3.07