RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TAOP
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Red day on Thursday for Taoping Inc. stock after losing 0%
(Updated on Mar 28, 2024)

Sell candidate since Mar 08, 2024 Loss -11.38% PDF

No changes to the price of Taoping Inc. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 4.76% from a day low at $1.05 to a day high of $1.10. The price has been going up and down for this period, and there has been a -5.22% loss for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.06% during the next 3 months and, with a 90% probability hold a price between $0.731 and $1.45 at the end of this 3-month period.

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TAOP Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Taoping Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.11 and $1.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 14, 2024, and so far it has fallen -30.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Taoping Inc. stock

Taoping Inc. finds support from accumulated volume at $1.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 5.74%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TAOP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Taoping Inc. to open at $1.08, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.20, which gives a possible trading interval of +/-$0.107 (+/-9.83%) up or down from last closing price. If Taoping Inc. takes out the full calculated possible swing range there will be an estimated 19.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.07 (1.83%) than the resistance at $1.15 (5.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Taoping Inc. stock A Buy?

Taoping Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.545 Sell Candidate Unchanged

Predicted Opening Price for Taoping Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.08 ( 0.92%) $1.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TAOP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.13 3.67 %
R2 1.11 1.92 %
R1 1.10 0.83 %
Current price: 1.09
Support S1 1.06 -2.67 %
S2 1.05 -3.75 %
S3 1.03 -5.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.25 14.68 %
R2 1.16 6.42 %
R1 1.15 5.50 %
Current price 1.09
Support S1 1.07 -1.83%
S2 1.02 -6.42%
S3 1.01 -7.34%

FAQ

What is the symbol for Taoping Inc. Stock and on which exchange is it traded?
The symbol for Taoping Inc. is TAOP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Taoping Inc. Stock?
Taoping Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Taoping Inc. Stock?
Taoping Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Taoping Inc. Stock.

What's the current price of Taoping Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Taoping Inc. (TAOP) share was $1.09.

What is the 52-week high and low for Taoping Inc. Stock?
The 52-week high for Taoping Inc. Stock is $5.98 and the 52-week low is $0.461.

What is the market capitalization of Taoping Inc. Stock?
As of the 2024-03-28, the market capitalization of Taoping Inc. is 1.7M.

When is the next earnings date for Taoping Inc.?
The upcoming earnings date for Taoping Inc. is Apr 23, 2024.
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About Taoping Inc.

Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through three segments: Cloud-Based Technology, Blockchain Technology, and Traditional Information Technology. The company offers cloud-based software as a service to automate the interactive workflo... TAOP Profile

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